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Allergan, Medytox complete licensing agreement
Allergan has closed a license agreement with Medytox for its neurotoxin product candidates, according to a press release. Allergan will pay Medytox an upfront cash payment of $65 million in exchange for worldwide exclusive rights, outside of Korea, to develop and commercialize certain neurotoxin product candidates currently in development, including a potential liquid-injectable product, the release said.