Breckenridge to commercialize eye products from Korean firm in USA
US generic drugmaker Breckenridge Pharmaceuticals, a subsidiary of Spain’s Esteve, has entered into a multi-product agreement with South Korean firm Sam Chun Dang Pharm (SCD), under which the two companies expect to develop and commercialize at least seven Abbreviated New Drug Applications (ANDAs) in the USA.
Under the terms of the accord, SCD will develop, manufacture and supply the products exclusively for Breckenridge for the US market and Breckenridge will market and distribute the products in its label. This multi-product agreement represents the first foray for both companies having products developed and manufactured in South Korea for the US market.
This agreement contemplates filing ANDAs for at least six ophthalmic products and one otic product, beginning in the first quarter of 2018. The total addressable IMS market value for this portfolio is $2.4 billion.
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