Globalpharma and Ethypharm sign cetirizine deal
United Arab Emirates-based Globalpharma says it has signed an out-licensing and supply contract with France's Ethypharm for the marketing and distribution of cetirizine antihistamine tablets through the latter's wholly-owned Indian subsidiary, Ethypharm LL.
Under the terms of the deal, Ethypharm will take responsibility for development of the drug using its specialist T-mask technology. Globalpharma will retain responsibility for marketing the product in the Gulf Cooperation Council markets. Financial terms of the deal were not disclosed.
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