Ariad Pharma plans commercialization of Iclusig in Australia
US specialty pharma firm Ariad Pharmaceuticals (Nasdaq: ARIA) has signed an agreement with Specialised Therapeutics Australia Pty (STA), granting the latter exclusive rights to commercialize Iclusig (ponatinib) in Australia in patients with Philadelphia-positive (Ph+) leukemias.
Under the terms of the deal, STA will be responsible for obtaining marketing authorization and pricing and reimbursement approval of Iclusig and assisting Ariad in regulatory filings for Iclusig in Australia. STA will book sales of Iclusig to pharmacies and other distributors, while Ariad will supply packaged drug to STA. The term of the accord is seven years from the first commercial sale of Iclusig following reimbursement approval. At the conclusion of the term, Ariad will have the option to take over commercialization of Iclusig in Australia or to extend the agreement with STA.
Commercial launch expected in fourth quarter of 2014
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