Seebri Neohaler launches in the US
Seebri Neohaler (Photo: Business Wire).
Company eligible to receive royalties from Novartis on net sales of the product.
Vectura Group has confirmed that Sunovion Pharmaceuticals, the US licensee of the Group's partner Novartis, has launched the twice-daily long acting muscarinic inhibitor (LAMA) Seebri Neohaler (glycopyrrolate 15.6 mcg), in the US.
Sunovion entered into an exclusive license agreement with Novartis for the US commercialisation rights to three of Novartis' COPD treatments, including Seebri Neohaler and Utibron Neohaler, on 21 December 2016 and in April 2017 Sunovion confirmed it had launched the dual long acting bronchodilator and muscarinic combination therapy (LABA-LAMA) Utibron Neohaler, in the US.
Vectura is eligible to receive royalties from Novartis on net sales of the product as well as certain milestones based on global calendar year combined net sales of Utibron Neohaler, Seebri Neohaler, Ultibro Breezhaler and Seebri Breezhaler. The royalties earned upon net sales of Seebri Neohaler are the same as those for Seebri Breezhaler.
James Ward-Lilley, CEO of Vectura: "Following the launch of Utibron in April we are pleased with the confirmation of launch of Seebri in the US. Whilst the commercial priority for 2017 has been securing market access and product listings we remain confident that Sunovion will be effective in the commercialisation of these products given its strong US respiratory track record and look forward to this being reflected in strong revenue growth in the US for these two products."
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