Swiss drug developer EffRx Pharmaceuticals has entered into an exclusive license agreement with Australia’s Pharmaxis (ASX: PXS) for the registration and commercialization of Bronchitol (mannitol) for cystic fibrosis in Switzerland.
Under the terms of the agreement, EffRx will take responsibility for registering, obtaining pricing and reimbursement as well as commercializing Bronchitol in Switzerland. Bronchitol works by rehydrating the airway/lung surface and promoting a productive cough, hence improving mucus clearance and lung function.
The product is inhaled as dry powder twice daily using a small handheld device and it is expected to be available on the Swiss market by 2021.
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