Kamada extends Glassia agreement with Baxalta
Israel-based plasma-derived protein therapeutics company Kamada (TASE: KMDA) has announced the third extension to supply Glassia to US drugmaker Baxa lta (NYSE: BXLT), which recently separated from Baxter International, under its strategic agreement with Baxter originally executed in August 2010.
Through the extended agreement, Kamada secured around $50 million in additional minimum revenues of Glassia, the company’s proprietary, ready-to-infuse liquid alpha-1 antitrypsin (AAT) treatment that is indicated as a chronic augmentation and maintenance therapy in adults with clinically evident emphysema due to severe congenital AAT deficiency (AATD), through 2018. Under the original agreement (The Pharma Letter August 26, 2010), Baxter committed to a minimum purchase quantity of $60 million over five years.
Anticipated revenue stream
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