RedHill Biopharma and Concordia reach Donnatal co-promotion deal

5 January 2017

Shares in Israeli biotech firm Redill Biopharma (TASE: RDHL) and Canadian pharmaceutical company Concordia (TSE: CXR) rose following the announcement of an exclusive co-promotion deal between the two companies.

The agreement grants Redhill certain promotional rights in the USA related to Concordia’s gastrointestinal drug Donnatal (belladonna alkaloids and phenobarbital).

While Concordia will continue to be responsible for the manufacture and supply of Donnatal in all territories, the two companies will share the revenues from promotion of the drug by Redhill. Financial terms have not been disclosed.

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