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NovaBay Pharmaceuticals, Inc. (NBY) And China Pioneer Pharma Announce Expansion Of Partnership Agreement


12/2/2013 9:17:14 AM

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EMERYVILLE, Calif., and SHANGHAI, China, Dec. 2, 2013 (GLOBE NEWSWIRE) -- NovaBay Pharmaceuticals, Inc. (NYSE MKT:NBY), a clinical-stage biopharmaceutical company developing non-antibiotic antimicrobial products, today announced that it has expanded its NeutroPhase® commercial partnership agreement with China Pioneer Pharma Holdings Limited. (HK: 1345) ("Pioneer"), a Shanghai-based company that markets high-end pharmaceutical products. This agreement replaces the previous option to invest $3 million in NovaBay. The expanded agreement includes licensing rights to two new products, CelleRx™ and i-Lid™ Cleanser, developed by the MediBay Business Unit of NovaBay. The expanded partnership agreement covers the commercialization and distribution of these products in China and 11 countries in Southeast Asia.

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