Press Release

Allay Therapeutics Announces Development and Commercialization Agreement With Maruishi Pharmaceutical

December 18, 2023

Palo Alto – December 18, 2023 – Cooley advised Allay Therapeutics, a pioneer in a new category of ultra-sustained pain therapeutics to transform post-surgical pain management and recuperation for patients and physicians, on its license agreement to provide Maruishi Pharmaceutical with exclusive rights in Japan to develop and commercialize Allay’s lead investigation drug candidate – ATX101 – and other ultra-sustained analgesic implantable drug candidates for acute pain. Lawyers Mark Weeks, Lila Hope, Alex Kassai, Mike Perretta and Zack Gong led the Cooley team advising Allay.

Under the terms of the agreement, Allay will receive an upfront payment and equity investment from Maruishi. Allay also is eligible to receive future milestone payments related to predefined clinical and regulatory events in the US and Japan, as well as commercial milestones and royalties on sales in Japan. Allay retains the right to develop and commercialize ATX101 in all territories outside Japan.

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