Hikma licenses Vibativ from Theravance for MENA region

2 July 2013

Jordon-headquartered Hikma Pharmaceuticals (LSE: HIK) says it has signed an exclusive commercialization agreement with USA-based Theravance (Nasdaq: THRX) for the latter’s Vibativ (telavancin) in the Middle East and North Africa (MENA) region.

Vibativ is a bactericidal, once-daily lipoglycopeptide injectable antibiotic for Gram-positive bacterial infections, including methicillin-resistant Staphylococcus aureus (MRSA).

Under the terms of the deal, Hikma will have the exclusive rights to register, market and distribute Vibativ in 16 countries across MENA. The accord will leverage Hikma’s strong local presence and regulatory expertise in MENA, with over 1,600 sales and marketing reps across the region.

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