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MicroCarb

This article was originally published in The Tan Sheet

Executive Summary

Signs preliminary joint venture agreement with Hughes Labs covering OTC and prescription marketing rights to an unnamed drug for the treatment of cold sores and genital herpes. Gaithersburg, Md.-based MicroCarb plans to initially market the drug as an OTC treatment for cold sores while the company begins the clinical development process to support prescription marketing of the drug as a genital herpes treatment. The joint venture agreement also would cover three patents held by Hughes covering the antiviral product. MicroCarb has a 90-day period to obtain financing of a minimum of $5 mil. for the deal

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