SK Biopharmaceuticals Signs Licensing Agreement with Hanmi Pharmaceutical
SK Biopharmaceuticals has signed a licensing agreement with Hanmi Pharmacutical for SK Biopharmaceuticals' diazepam nasal spray technology.
SK Biopharmaceuticals has signed a licensing agreement with Hanmi Pharmacutical Co., Ltd. for SK Biopharmaceuticals' diazepam nasal spray (DZNS) technology.
In signing the deal, Hanmi acquired regional marketing rights for Korea and China. SK Biopharmaceuticals will receive an upfront payment, development and sales milestones, and royalties on sales in return.
The product is expected to be launched in the Korean market in 2013 and in the Chinese market in 2015. Hanmi has forecast cumulative revenue of $200 million over the first 10 years of sales.
SK Biopharmaceuticals' DZNS technology is the first of its kind for the treatment of Acute Repetitive Seizures. The commerciali
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