Japanese pharma company Asahi Kasei has received approval for its regulatory application to the Japanese Pharmaceutical and Medical Device Agency for Xiaflex (collagenase clostridium histolyticum) to treat Dupuytren’s contracture in Japan.
Asahi has the rights to develop and market Xiaflex in Japan through an agreement with Endo International, a partner of BioSpecifics Technologies (Nasdaq: BSTC). BioSpecifics will receive a milestone payment upon the commercial launch in Japan.
Thomas Wegman, president of BioSpecifics, said: "This approval in Japan marks another milestone in our globalization strategy for Xiaflex and we look forward to the upcoming commercial launch. We believe Asahi Kasei's strong development and commercialization organizations will greatly enhance the sales potential of Xiaflex in this region. We are very happy that these patients now have a minimally-invasive non-surgical treatment option available to them."
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