Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 06 2018

Glenmark pacts with Seqirus to commercialise Ryaltris in Australia, New Zealand

Ryaltris is indicated for treatment of symptoms associated with seasonal allergic rhinitis (SAR) in patients over 12 years of age.

Glenmark Pharma today said its subsidiary Glenmark Specialty has entered into an exclusive licensing agreement with Australia's Seqirus to commercialise its nasal spray Ryaltris in Australia and New Zealand.

Ryaltris is indicated for treatment of symptoms associated with seasonal allergic rhinitis (SAR) in patients over 12 years of age.

"Under the terms of the agreement, Glenmark will be responsible for product supply and Seqirus will be responsible for regulatory filing and commercialisation of the product in Australia and New Zealand," Glenmark said in a regulatory filing.

Glenmark said it will receive an upfront payment as well as regulatory and commercial milestone payments from Seqirus.

"Australia has one of the world's highest rates of allergic rhinitis with nearly 20 per cent of the country's population suffering annually from this disease," the company said.

In May 2018, Glenmark filed a New Drug Application (NDA) for Ryaltris with the US Food and Drug Administration (USFDA).

The company said it plans to commercialise Ryaltris in several key markets globally.

"Glenmark will explore commercial partnerships for Ryaltris in markets where it doesn't have direct presence," it added.

Shares of Glenmark Pharma were trading 1.26 per cent up at Rs 588.95 on BSE.

Comment
Related opportunities
  • Quick Service Restaurants
    About: At Adiga's our aim is to match the fast food..
    Locations looking for expansion Karnataka
    Establishment year 1990
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Real Estate
    About Us: Co-offiz is an office for all young professionals, start-ups,..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Beauty Salons
    About: Waves is a well-established and renowned chain of salons &..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Snacks / Namkeen shops
    About:     Started in India’s IT city Bengaluru, ‘Shake It Off’ is..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities