Lupin inks pact to market US-based Salix Pharma's drugs in Canada
The addition of Salix Pharma's product portfolio opens up growth opportunities for Lupin in Canada, where it is in the process of establishing its presence
BS B2B Bureau B2B Connect | Mumbai
Additionally, the agreement includes future dosage forms, strengths, and indications for such products. Under the agreement, Lupin also has the option to exclusively market, distribute and sell other gastroenterology products in Salix’s Canadian pipeline once approved by Health Canada.
Lupin will promote the Salix products through its own sales force in Canada. Lupin is in the process of establishing its Canadian presence and the addition of this significant product portfolio opens up growth opportunities for the future. Zaxine and Relistor are First-in-Class Treatments for their respective disorders and are important treatment options for physicians and their patients, not only in the US, but now in Canada.
Under the terms of the Agreement, Salix will receive an upfront payment and distribution fees, and is eligible for additional pre-commercial and sales milestone payments. Salix will supply the products to Lupin under separate supply agreements.
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First Published: Sep 15 2014 | 11:39 AM IST