PharmaPrint Signs With Herbal Company

PharmaPrint Inc. said it has signed an exclusive agreement for American Home Products Corp. to use the Irvine company’s technology to develop and sell herbal products. Financial terms were not disclosed.

PharmaPrint said American Home will sell the products under one of its brand names in the U.S. and some international markets and will pay PharmaPrint upfront development fees and commit to substantial marketing support.

PharmaPrint, an herbal medicine drug developer, also will make the products exclusively for American Home Products and will receive royalties on product sales.