Diurnal sells rights to cortisol deficiency drugs in Israel
UK-based Diurnal (AIM: DNL) has reached an agreement with Medison Pharma over the commercialization of Infacort (hydrocortisone) and Chronocort (hydrocortisone) in Israel.
Under the terms of the agreement, Medison will receive the exclusive rights to market and sell the treatments in Israel. Shares in Diurnal are up over 3% today.
Infacort, the first preparation of hydrocortisone designed for use in children suffering from adrenal insufficiency, was submitted for market authorization to the European Medicines Agency in late 2016.
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