Navidea lands European distributor for Lymphoseek

Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

Navidea Biopharmaceuticals Inc. has signed a European distributor for its cancer diagnostic aid Lymphoseek that comes with a $2 million up-front payment, but sales on the continent aren’t expected to start until early next year.

Dublin-based Navidea (NYSEMKT:NAVB) entered an exclusive sublicense with SpePharm AG, a specialty pharmaceutical arm of Dutch distributor Norgine BV.

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Originally published March 5, 2015.