US biotech firm Amarin (Nasdaq: AMRN has entered into an exclusive agreement for Chinese drugmaker Eddingpharm to develop and commercialize Vascepa (icosapent ethyl).
The territories including are Mainland China, the Hong Kong and Macao Special Administrative Regions and Taiwan for uses that are currently commercialized and under development by Amarin in the USA based on the MARINE, ANCHOR and ongoing REDUCE-IT clinical trials of Vascepa.
Under the terms of the deal, Eddingpharm will be responsible for development and commercialization activities in the territory and associated expenses. Amarin will provide development assistance and be responsible for supplying finished, and later bulk, product.
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