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
image
Related opportunities
  • Sports Accessories
    About Us: Kawasaki Sports is one of the world’s leading sports..
    Locations looking for expansion Tamil nadu
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater chennai Tamil nadu
  • Others Food Service
    About Us: World of Tortilla's is an established Mexican chain with..
    Locations looking for expansion New delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi New delhi
  • Quick Service Restaurants
    About Us: Franchisees Invited Pune’s Fastest Growing Chain of Specialized Cuisine R..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 180
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Others Food Service
    About Us: Original Biryani Expereince Since 2010.   Known for its delicious and..
    Locations looking for expansion Karnataka
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
Entrepreneur
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