Almirall buys rights to Veltin and Altabax from Stiefel
Spanish pharma company Almirall (ALM: MC) has bought the rights to two dermatology products from Stiefel – a GlaxoSmithKline (LSE: GSK) subsidiary - in exchange for distribution rights to Toctino (alitretinoin) and an undisclosed cash payment, it has been announced.
The products – Veltin (clindamycin phosphate and tretinoin) and Altabax (retapamulin ointment) – will be marketed through Almirall’s US affiliate, Aqua Pharmaceuticals.
Stiefel acquired worldwide rights to Toctino in June 2012 from Basilea, and has now consolidated rights to Toctino in Europe. Altabax is a patent protected and novel topical treatment for impetigo, a highly contagious and the most common bacteria infection in children. Veltin is a prescription antibiotic indicated for the topical treatment of acne, the largest dermatology indication in the USA with a total market size of approximately $3 billion.
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