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Allergan will make an upfront payment to Serenity of $43 million, potential advancement and regulatory milestone obligations as high as $122 million, future potential product sales milestones, and royalty obligations on worldwide sales. There exists a significant unmet medical dependence on the treatment of nocturia, which frequently affects patients who have problems with urologic conditions such as for example overactive bladder, benign prostatic hyperplasia and general major nocturia. With Allergan’s strategic concentrate on establishing a solid urology franchise and its proven track record in pharmaceutical development and commercialization, we are convinced that this is a successful partnership, stated Samuel Herschkowitz, M.D., Chief Executive Officer of Serenity Pharmaceuticals.