Debiopharm in exclusive licensing deal with Watson Pharmaceuticals
Swiss drug development company enters licensing agreement with US speciality pharmaceutical company
Swiss drug development company Debiopharm it has entered into a licensing agreement with US speciality pharmaceutical company Watson Pharmaceuticals.
Under the termsof the agreement Watson will market Trelstar Depot 3.75mg and Trelstar LA 11.25mg in the US and Canada.
Debiopharm will supply the products exclusively to Watson and will receive an upfront payment from Watson. Additional terms of the agreement were not disclosed. Watson expects to launch the products in the first quarter of next year.
Debiopharm's Trelstar products, formulated using Debio PLGA proprietary technology, are sustained-release one- and three-month intramuscular injectable formulations of triptorelin pamoate, a luteinizing hormone releasing hormone (LHRH) agonist.
Both products are approved by the US FDA for the palliative treatment of advanced prostate cancer in the US and by the Canadian Therapeutic Products Directorate for the treatment of advanced prostate cancer and endometriosis in Canada. The products are currently marketed outside the US as Decapeptyl.