Sosei Signs Definitive Distribution Agreement With ASKA for Commercialisation of SOH-075 (NorLevo(R))
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Mon, 02 Nov 2009 06:30:58 GMT |
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Sosei Group Corporation |
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TOKYO, November 2 Sosei-Co-Ltd
TOKYO, November 2 /PRNewswire-FirstCall/ -- Sosei Group Corporation
("Sosei"; TSE Mothers Index: 4565), the biopharmaceutical company, today
announced that Sosei Co., Ltd., its wholly owned Japanese subsidiary, has
entered into a definitive distribution agreement with ASKA Pharmaceuticals
Co., Ltd. ("ASKA", TSE First Section Index: 4514) for the commercialisation
of the emergency contraceptive pill SOH-075 (NorLevo(R)).
NorLevo(R) is an oral emergency contraceptive "morning after pill" which
is used to prevent unwanted pregnancy after unprotected intercourse.
NorLevo(R) contains only levonorgestrel as an active ingredient. The dosing
is started within 72 hours after unprotected sexual intercourse. NorLevo(R)
was first launched in Europe in 1999 and is currently approved in some 60
countries, the product being both safe and effective as an oral emergency
contraceptive for post-coital use.
Sosei have acquired the exclusive distribution rights to the product in
Japan from HRA Pharma. The NDA application for SOH-075 was submitted in Japan
in September 2009.
The agreement is based on the terms of a binding letter of agreement that
was announced on 22 October 2008. According to this agreement, Sosei is
responsible for development and registration and ASKA for sales and marketing.
In accordance with the agreement, Sosei will receive upfront, milestone
payments as well as a margin on product sales to ASKA.
Notes for Editors:
About Sosei
Sosei is a leading international biopharmaceutical company with
significant expertise in product discovery and development. It has
established a reduced risk business model primarily upon identifying new uses
for established drugs and exploiting its unique position within Japanese,
European and North American pharmaceutical markets by acquiring compounds
from, and bringing compounds into, Japan. For further information about
Sosei, please visit http://www.sosei.com.
SOURCE Sosei Group Corporation
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