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  • Glenmark signs...

Glenmark signs licensing agreement with Lotus International to commercialize Ryaltris

Dr. Divya ColinWritten by Dr. Divya Colin Published On 2022-01-21T16:29:30+05:30  |  Updated On 21 Jan 2022 4:29 PM IST
Glenmark signs licensing agreement with Lotus International to commercialize Ryaltris
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Under the agreement signed between Glenmark Specialty SA and the wholly-owned subsidiary of Lous Pharmaceutical, Glenmark will be responsible for the manufacturing and supply of Ryaltris. On the other hand, Lotus will be responsible for its commercialization subject to receipt of regulatory approvals, in these markets, the company said in a statement.

New Delhi: Glenmark Pharmaceuticals on Thursday said its Swiss arm has entered into an exclusive licensing agreement with Lotus International Ltd for commercializing its innovative nasal spray Ryaltris in Singapore, Hong Kong, and Vietnam.

Under the agreement signed between Glenmark Specialty SA and the wholly-owned subsidiary of Lous Pharmaceutical, Glenmark will be responsible for the manufacturing and supply of Ryaltris. On the other hand, Lotus will be responsible for its commercialization subject to receipt of regulatory approvals, in these markets, the company said in a statement.
Glenmark will receive and upfront payment as well as regulatory and sale-based milestone payments from Lotus, it added.
"This partnership will provide patient access to a highly effective and proven treatment for allergic rhinitis in these key South-East Asian markets", Glenmark Pharmaceuticals Chief Commercial Officer Robert Crockart said.
Also Read:Conduct clinical trial in Indian patient: CDSCO panel tells Glenmark on pulmonary drug study
Lotus CEO, Petar Vazharov said, "The partnership not only strengthens the competitiveness of our overall product portfolio but also accelerates our expansion in key SEA countries".
He further said this is also the first brand product to be included in Lotus' respiratory portfolio with strong clinical data and IP protection.
Ryaltris, developed by Glenmark, is a novel fixed-dose combination nasal spray of an anti-histamine and a steroid, indicated for treatment of symptoms associated with allergic rhinitis in adults and pediatric patients, 12 years of age and older.
Glenmark said it has also entered into commercial agreements with several partners around the world including Menarini for the commercialization of Ryaltris in select EU markets with Bausch Health in Canada( where is under review by Health Canada), with Grand Pharma in China, and with Yuhan Corporation in South Korea for commercialization of the nasal spray.
Also Read:Glenmark Regadenoson Injection gets USFDA okay
GlenmarkLotus Pharmaceuticalryaltrisnasal spray
Source : PTI
Dr. Divya Colin
Dr. Divya Colin

    Doctor of Pharmacy

    Dr. Divya Colin, a Doctor of Pharmacy Graduate with extensive experience in clinical and hospital settings and confidently equipped with diagnostic and therapeutic skills. She also has spread out exposure to Oncology Departments in Mysore Medical College and Research Institute as Oncology Pharmacist. Currently she is building a career in clinical research and clinical data management. She has been a part of Medical Dialogue since January 2022.

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