New Delhi: Glenmark Pharmaceuticals has entered into an exclusive agreement with South Korea’s Sam Chun Dang Pharm. Co. Ltd. (SCD) to develop, manufacture and market a portfolio of ophthalmic products in the US and Canada.
“Under this agreement, these products will be developed and manufactured by SCD in South Korea. Glenmark will seek all market authorizations and commercialize the products in North America,” the company said in a BSE filing.
Glenmark Pharmaceuticals President, North America & Global API, Robert Matsuk said, the agreement for these ophthalmic products is aligned with the company’s strategy to strengthen its focus on complex generic formulations.
And our strategic partnership with SCD supports our objective to expand the product offerings of our complex generic portfolio, he added.
According to the pact, Glenmark and SCD will develop and commercialize six ophthalmic products in the US and Canada.
“It is expected that Glenmark will file six abbreviated new drug applications (ANDAs) beginning in the first half of 2019 for the licensed SCD ophthalmic products,” it added.
Citing IMS sales figures, Glenmark said the U.S. brand sales for the six products was approximately USD 1.7 billion for calendar year 2017.