Japanese cedar allergy drug reimbursed in Japan
Allergy specialist ALK Abello (ALKB:DC) has announced that reimbursement has been agreed for its sublingual allergy immunotherapy tablet against Japanese cedar allergy, branded Cedarcure, in Japan.
The Danish company’s partner for the Asian country, Torii Pharmaceutical, has agreed a price with authorities and secured a listing on Japan’s National Health Insurance reimbursement list.
This clears the way for the launch of Cedarcure in the coming months in what is the second largest market for allergy medicines after the USA. ALK will be entitled to royalties from Japanese sales.
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