On February 2, 2022 Evoke Pharma, Inc. (NASDAQ: EVOK), a specialty pharmaceutical company primarily focused on treatments for gastrointestinal (GI) diseases, and EVERSANA Life Science Service LLC, an independent provider of global commercial services to the life science industry, reported the extension of their agreement to continue collaborating on the commercialization and distribution of Gimoti (metoclopramide) nasal spray in the United States through the end of 2026 (Press release, EVERSANA, FEB 2, 2022, View Source [SID1234607832]).
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According to the original agreement signed in January 2020, Evoke retains ownership of the Gimoti NDA and legal, regulatory, and manufacturing responsibilities for Gimoti. EVERSANA utilizes its internal sales organization and other commercial functions for market access, marketing, distribution, and other patient support services. Evoke records sales for Gimoti and retains more than 80% of the net product profits once the parties’ costs are reimbursed. This amendment increases the percentage of net product profit retained by Evoke and accelerates the reimbursement of commercialization costs to Eversana after the product breaks even on a monthly basis. The initial term provided in the original agreement was five years following FDA approval, June 19, 2025, but this amendment will extend the term of the agreement through December 31, 2026.
"Our market research for Gimoti continues to reinforce significant unmet medical need for patients with diabetic gastroparesis and shows strong receptiveness to the potential benefits in favor of delivering treatment outside of the gastrointestinal tract," shared Jim Lang, CEO of EVERSANA. "Together we created a fully integrated commercialization model for this therapy and today we are expanding our investment in this partnership as we continue to believe in the product, the market and the patient need. Through the extension of our multi-year partnership, we are poised to further increase the access of Gimoti to patients and physicians as part of our broader commercial strategy."
"Gimoti remains the most novel product to treat patients that suffer from symptoms associated with diabetic gastroparesis. Although the pandemic has slowed new product launches across the industry, we continue to see market research that is highly supportive of the opportunity for Gimoti. More importantly, patients have described remarkable benefits after initiating Gimoti therapy. We continue to see expanding enrollments and filled prescriptions for the brand and believe in the long-term opportunity for Gimoti. We are excited to continue leveraging the expertise of EVERSANA’s team for our sales and distribution efforts, given their large-scale commercialization capabilities for products generated by life science companies," commented Dave Gonyer, CEO of Evoke Pharma.