Vectura and Hikma confident on generic salmeterol
UK inhaled airways disease focused business Vectura Group (LSE: VEC) has announced a new collaboration with Jordan-headquartered Hikma Pharmaceuticals (LSE: HIK) for the development of generic salmeterol in the USA.
The agreement on Vectura’s generic salmeterol product, VR730, which has been signed by Hikma’s US affiliate, West-Ward Pharmaceuticals, builds on the existing partnership to develop a version of UK pharma major GlaxoSmithKline's (LSE: GSK) big-selling lung drug AdvairDiskus (fluticasone/salmeterol).
"VR730 has good market potential and is a logical expansion of our work on the existing generic programs with Hikma"
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