Glenmark in second licensing deal for anti-histamine
Glenmark Pharmaceuticals (BSE: 532296) has entered into an exclusive licensing agreement with Yuhan Corporation (000100: KS) for commercializing its novel nasal spray Ryaltris (olopatadine hydrochloride/mometasone furoate) in South Korea.
The deal with the Korean company, which was signed through the Indian drugmaker’s Swiss subsidiary, Glenmark Specialty, is the second regional licensing deal for Ryaltris.
This fixed-dose combination nasal spray of an anti-histamine and a steroid is being developed for the treatment of symptoms associated with seasonal allergic rhinitis.
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