Mithra Pharma sells rights to Estelle in Europe and Russia
Belgian women’s health care company Mithra Pharmaceuticals (Euronext Brussels: MITRA) and Gedeon Richter (RICHT: HB) today announced that they have entered into a license and supply agreement to commercialize Estelle, a combined oral contraceptive (COC), containing 15mg estetrol (E4)/3mg drospirenone (DRSP), in Europe and Russia.
Richter, which is Hungary’s largest pharma company, will commercialize the product under a different brand name.
News of the deal saw Mithra’s shares gain 1.69% to 33.05 euros, while Richter dipped 1.24% to 5,175 forint in morning trading.
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