Biocon inks deal for liraglutide in Mexico with Medix
Indian biotech Biocon (BSE: 532523) today announced the signing of a semi-exclusive distribution and supply agreement with Medix, a specialty pharmaceutical company in Mexico, for the commercialization of its vertically integrated drug product, Liraglutide (gSaxenda), used in the treatment of chronic weight management.
Liraglutide is the active ingredient of Danish firm Novo Nordisk’s (NOV: N) obesity drug Saxenda and is sold under the brand name Victoza for diabetes.
Under the terms of this agreement, Biocon will undertake the responsibility of obtaining regulatory approval, manufacturing and supply of the drug product, and Medix will be responsible for its commercialization in the Mexican market.
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