PharmaMar signs licence agreement with GP Pharm to market Politrate® in Italy for treating prostate cancer .Madrid, 1 July 2014:
Grupo Zeltia announced today that Pharma Mar, S.R.L., an Italian subsidiary of Pharma Mar, S.A., has signed a licence agreement with GP Pharm under which Pharma Mar S.R.L. will distribute GP Pharm's drug Politrate® (Leuprorelin) in Italy.
Politrate®—marketed in other countries under the Lutrate® brand—has been approved by 23 countries of the European Union for the treatment of prostate cancer, and a reimbursement price has also been approved.
The agreement designates Pharma Mar S.R.L. as the sole distributor of Politrate® in Italy; the product will be supplied to Pharma Mar S.R.L. by GP Pharm.
PharmaMar plans to begin distributing Politrate® in Italy in October.
Initially the one-month dosage will be distributed, with plans to subsequently add the threemonth dose.
The agreement is synergic with PharmaMar's commercial activities in other EU countries and is part of the company's strategy of enhancing its sales network by adding other products to its portfolio.
The agreement covers distribution of Politrate® but not manufacture, which will be entrusted to GP Pharm. Accordingly, the agreement does not entail additional investment by PharmaMar and it will use its existing infrastructure in Italy to distribute the drug.