Oncopeptides and Vector Pharma collaborate on Pepaxti
Swedish biotech Oncopeptides (Nasdaq Stockholm: ONCO) yesterday announced a collaboration with Vector Pharma FZCO to commercialize its flagship drug Pepaxti (melphalan flufenamide in the Middle East and North Africa (MENA) region.
News of the deal pushed Oncopeptides’s shares up more than 26% to 6.66 kronor by close of trading on Wednesday.
Under the accord, Vector will distribute Pepaxti to patients in the MENA region for the treatment of patients with multiple myeloma. The two parties have agreed on a revenue split on all Pepaxti sales in the region, with Vector carrying all costs through their existing structure in the region. All sales will be made on a named patient basis, meaning doctors request supply of Pepaxti directly from the manufacturer, a method of sales similar to that being employed by Oncopeptides in Greece.
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