Richter, Mithra partner on commercialization of oral contraceptive Estelle

In Hungary

Hungarian drugmaker Gedeon Richter on Wednesday said it is partnering with Mithra Pharmaceuticals to commercialize the Belgium companyʼs oral contraceptive Estelle in Europe and Russia, Hungarian news agency MTI reports

Mithra CEO Francois Fornieri notes that the deal was "by far the biggest contract in Mithraʼs history".

Richter will make an upfront payment of EUR 35 million to Mithra upon signing the contract and additional milestone payments amounting to EUR 20 mln. Richter will sell the product under a different brand name.

Mithra is conducting open-label single arm trials to assess the safety and efficency of Estelle in over 1,550 participants in Europe and Russia and about 2,000 participants in the United States and Canada, over a period of 13 cycles. Mithra recently announced positive top-line results for its EU and Russia Phase III study, with the results of the US and Canada study to follow in Q1 2019.

Estelle is a combined oral contraceptive containing 15 mg estetrol (E4) and 3 mg drospirenone.

"The product is considered a novel oral contraceptive with natural, native estrogen acting selectively in tissues combined with drospirenoneʼs non contraceptive benefits," Richter and Mithra say in a joint statement. 

HUPX Joining Serbian, Slovenian Peers in Adex Power

HUPX Joining Serbian, Slovenian Peers in Adex

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.