On November 17,2020 PharmaMar (MSE:PHM) and STADA Arzneimittel have reported a commercial licensing agreement for Yondelis (trabectedin) with the STADA Arzneimittel AG’s subsidiary in the United Arab Emirates named STADA MENA DWC-LLC (herein together referred to as "STADA") in Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, United Arab Emirates (UAE) and Yemen (Press release, PharmaMar, NOV 17, 2020, View Source;sid=2 [SID1234571268]).
Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:
Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing
Schedule Your 30 min Free Demo!
Under the terms of the license and commercialization agreement, PharmaMar will receive a non-disclosed upfront payment and will be eligible for additional remunerations, including a regulatory milestone payment. PharmaMar will retain exclusive production rights of trabectedin and will sell the product to STADA for its clinical and commercial use on an exclusive basis in the 15 MENA markets.
This new agreement follows PharmaMar’s announcement on August 26th, 2019, regarding the agreement entered into with Janssen Products LP (Janssen), by which PharmaMar recovered the commercialization rights of the product in more than 40 countries, formerly licensed to Janssen, where Yondelis has already been approved.
Yondelis is currently registered and marketed in several MENA countries for the treatment of soft tissue sarcoma and relapsed ovarian cancer. Through this licensing agreement, and once the marketing authorizations are formally transferred, STADA will be authorized to commercialize and distribute the product in MENA countries on an exclusive basis.
According to Luis Mora, Managing Director of PharmaMar’s Oncology Business Unit: "This new agreement with STADA will allow us to bring trabectedin to patients throughout the 15 MENA countries covered by the deal. We see STADA’s infrastructure and internal capabilities playing a key role in helping us to maximize the access to this unique drug for as many sarcoma and ovarian cancer patients as possible."
Carsten Cron, Executive Vice-President of Emerging Markets at STADA, commented: "This alliance with PharmaMar for the Yondelis unique treatment option for sarcoma and ovarian cancer significantly strengthens our specialty pharmaceuticals portfolio in the MENA region. This builds on our purpose of "Caring for people’s health as a trusted partner."
"The agreement," he added, "is also testament to how STADA is using its position as a go-to-partner for specialty pharmaceuticals, as well as for generics and consumer healthcare products, to build a broad oncology offering."