Richter in deal to distribute fertility drug in EU-27
Hungarian pharmaceutical firm Gedeon Richter said Tuesday it has signed a license and distribution agreement with U.K.-based L.D. Collins to commercialize the latter始s assisted reproductive technology (ART) product Cyclogest in 27 EU countries, with the product始s launch expected in early 2019.
Marketing authorizations have already been granted in the relevant territory, according to a press release sent to the Budapest Business Journal. According to the agreement, Richter will be obligated to pay sales-related royalties to L.D. Collins after the product始s launch.
"Cyclogest is considered a useful addition to our existing fertility portfolio," said G谩bor Orb谩n, CEO of Gedeon Richter. "Being a responsible player in the pharmaceutical universe, we are aware of the importance of the productiveness of the female population and we are committed to addressing women鈥檚 needs."
Cyclogest pessaries contain 400 mg of progesterone, which is a naturally occurring progestogen. The pessaries prepare the lining of the uterus to be as receptive as possible to the embryo and are therefore critical in supporting the luteal phase as part of assisted reproductive technology, according to the press release.
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