Gedeon Richter enters license and distribution deal with Bayer

Hungary’s largest drugmaker Gedeon Richter (RICHT: HB) says that it has entered into a license and distribution agreement with German pharma major Bayer (BAYN: DE) to sell a contraceptive of Bayer in the European Union.

Richter has agreed with Bayer HealthCare to commercialize the low dose gestodene and ethinylestradiol containing transdermal contraceptive patch of Bayer in the European Union, in other European countries and also in certain Latin American countries under the trade mark of Lisvy. National marketing authorizations have been gradually granted in the majority of European countries following the approval in the European Union in the first quarter 2014.

Terms of the collaboration