Hotline: 1800 102 2007
Hotline: 1800 102 2007
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 pacts with Seqirus to commercialise Ryaltris in Australia, New Zealand

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.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  •   ABOUT DR. ROY’S IIIO Based in Nashik (Maharashtra), Dr. Roy’s Indian..
    Locations looking for expansion Maharashtra
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Competitive Exam Coaching Institute
    About Us: Searching for a premium franchise opportunity in booming education..
    Locations looking for expansion Karnataka
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Preschools
    About Us: GD Goenka Group, established in 1982, has had varied..
    Locations looking for expansion Delhi
    Establishment year 1982
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual Dine Restaurants
    About Us: Kerala Cafe is a tastefully designed restaurant that serves..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Haveli Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities