Connetics

(CNCT)

licensed its foam-delivery technology to

Pharmacia

TST Recommends

( PHA) for use with its Rogaine hair-loss treatment.

Palo Alto, Calif.-based Connetics will receive an initial licensing fee from Pharmacia, milestone payments and royalties under the global agreement. The pact excludes Japan.

Connetics said Pharmacia will cover most product development activities and costs.