Logo

Marinomed Biotech Signs a License Agreement with Luoxin to Commercialize Budesolv (budesonide nasal spray) in Greater China

Share this

Marinomed Biotech Signs a License Agreement with Luoxin to Commercialize Budesolv (budesonide nasal spray) in Greater China

Shots:

  • Marinomed to receive $2M up front & is eligible to receive milestones upon achievement of development- regulatory & commercial milestones along with royalties on sales of Budesolv in Greater China
  • Luoxin will co-develop Budesolv- a new formulation of the glucocorticoid budesonide in China & will lead the clinical development & obtain the Chinese marketing authorization. Budesolv has completed a P-III clinical study for marketing authorization in the EU
  • Luoxin holds exclusive rights for development- manufacture & commercialize Budesolv in China including mainland- Hong Kong- Macao & Taiwan for allergic rhinitis & is responsible for manufacturing & marketing Budesolv

 ­ | Ref: Marino Med | Image: News Medical

Click here to­ read the full press release 

Senior Editor

This content piece was prepared by our former Senior Editor. She had expertise in life science research and was an avid reader. For any query reach out to us at connect@pharmashots.com

Share this article on WhatsApp, LinkedIn and Twitter

Join the PharmaShots family of 12000+ subscribers

I accept the Terms and Conditions