CrystalGenomics signs marketing deal with Dong-A ST worth up to 8.5 billion won for osteoarthritis drug
CrystalGenomics on Thursday said it has partnered with fellow Korean company Dong-A ST to market the osteoarthritis drug Acelex (polmacoxib) in Korea in a deal worth up to 8.5 billion South Korean won ($7.2 million).
The Korea-based biotechnology company said under the terms of the agreement it will also share profit from sales of Acelex.
Joong Myung Cho, chief executive of CrystalGenomics, said: "Dong-A ST's solid sales and marketing infrastructure makes them an ideal commercial partner for us in Korea."
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