NovaMedica licenses hemorrhoid treatment to Bayer in Russia
NovaMedica, a part of Russian state nanotechnology firm RusNano, has granted an exclusive license for its in-house developed hemorrhoid treatment to German pharma major Bayer’s (BAYN: DE) Russian subsidiary.
The product in question is used for the treatment of proctologic diseases and has been developed as part of NovaMedica’s own R&D program. Bayer intends to commercialize it under the trade name Reliefipin.
The product is a combination of two active ingredients with a therapeutic and pain-relieving effect and will be manufactured in the form of topical water-based gel, which ensures effectiveness and convenience in the treatment of such diseases.
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