Quoin Pharmaceuticals and Genpharm Services Sign Exclusive License and Distribution Agreement for Quoin’s Lead Asset, QRX003
Under the terms of the agreement, Genpharm Services has exclusive rights to commercialize QRX003 in the Middle East and North Africa region, upon the receipt of regulatory approvals in both territories.
- Under the terms of the agreement, Genpharm Services has exclusive rights to commercialize QRX003 in the Middle East and North Africa region, upon the receipt of regulatory approvals in both territories.
- Upon approval and launch of the product, Quoin will be entitled to a revenue sharing arrangement on net sales of the product.
- The companies have also entered into an exclusive Supply Agreement, under which Quoin is obligated to manufacture and supply the product to Genpharm Services.
- Dr. Michael Myers, Chief Executive Officer of Quoin, commented, The licensing agreement with Genpharm is the second licensing agreement that weve announced for QRX003, which we are developing as a potential treatment for Netherton Syndrome.