IntelGenx (TSX:IGX; OTCQB:IGXT) expects to generate $9-million in revenue over three years from an agreement for packaging a pharmaceutical oral film product that an undisclosed contract development and manufacturing organization (CDMO) customer is planning to commercialize in the United States.
IntelGenx will package the “film in pouch” product at its cGMP manufacturing facility in Montreal.
Subject to satisfaction of remaining conditions, the parties will endeavor to enter into a definitive agreement as soon as is practicable.
“In addition to providing us with a meaningful new revenue stream, this first commercial-scale packaging agreement helps validate our ability to further expand our CDMO business by providing additional services to both end-to-end CDMO services clients as well as on a stand-alone project basis to key players in the Canadian and U.S. markets,” Dwight Gorham, CEO of IntelGenx, said in a statement. “We are looking forward to building a strong partnership.”
