Cortecs Names Ferrer South America Agent
Cortecs plc of the UK has signed a distribution agreement for itscalcitonin product Macritonin for Latin America with Spain's Ferrer Internacional SA, which is already its partner in Spain. The deal provides semi-exclusive distribution rights in Brazil and Argentina, and exclusive rights for the rest of Latin America, except Mexico. It also includes rights in the Philippines. Ferrer will seek registration of Macritonin in the various markets, which it is believed will be expedited in certain countries by prior registration in Spain, where an application was filed in November 1997.
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