Formosa secures Canada license for APP13007
Taiwan-based Formosa Pharmaceuticals (6838.TWO) has announced an exclusive licensing agreement with Canadian pharmaceutical company Apotex for the commercialization of APP13007.
The innovative clobetasol propionate ophthalmic suspension is designed for post-surgical inflammation and pain following ocular procedures.
The candidate recently received approval from the US Food and Drug Administration, based on Phase III data which showed superior effectiveness in reducing inflammation and pain compared to a placebo.
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