Cosmo and Hyundai Pharm Announce Signing of License Agreement for Winlevi® in Korea
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Jeudi, juin 22, 2023
National health insurance, Male, Partnership, Androgen, IQVIA, Pharming, Quality of life, XETRA, Clascoterone, Hira, Sun Pharma, Acne, Prescription, Incidence, Spironolactone, C43, Hyundai, Patient, Physician, South Korea, Health Insurance Review and Assessment Service, License, Ageing, FDA, Skin, HIRA, Female, Pharmaceutical industry, Cassiopea
Dublin, Ireland & Seoul, Korea – 22 June 2023: Cosmo Pharmaceuticals N.V. (SIX: COPN, XETRA: C43) (“Cosmo”) and Hyundai Pharmaceutical Co., Ltd. (“Hyundai Pharm”) today announced the signing of a License Agreement for Winlevi® (clascoterone) cream 1% in the Republic of Korea.
Key Points:
- Dublin, Ireland & Seoul, Korea – 22 June 2023: Cosmo Pharmaceuticals N.V. (SIX: COPN, XETRA: C43) (“Cosmo”) and Hyundai Pharmaceutical Co., Ltd. (“Hyundai Pharm”) today announced the signing of a License Agreement for Winlevi® (clascoterone) cream 1% in the Republic of Korea.
- Under the terms of the agreement, Hyundai Pharm will receive from Cassiopea, a subsidiary of Cosmo, the exclusive right to register and commercialize Winlevi® in the Republic of Korea.
- With this license agreement, Hyundai Pharm aims to address this unmet medical need by offering a new treatment option for both male and female acne patients in South Korea.
- SangJoon Lee, Chief Executive Officer of Hyundai Pharm, said “We are delighted to establish a strategic partnership through the licensing agreement with Cosmo and its subsidiary, Cassiopea.