Wockhardt inks agreement with Italian firm

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New Delhi, Oct 17 (UNI) Wockhardt Ltd today said it has entered into an in-licencing agreement with the Italy-based Gnosis SpA to market S-adenosyl methionine (SAMe), a process patented tablet for osteoarthritis.

Osteoarthritis is a condition in which low-grade inflammation results in pain in the joints, cause by wear and tear of cartilage.

''SAMMY will complement our pain portfolio and further strengthen our osteoarthritis portfolio,'' said company's Chairman Habil Khorakiwala.

As per ORG-IMS, the India market is worth Rs 270 crore for this product.

''We bring to India new products which will fill the gaps in the existing products portfolio,'' he added.

It is estimated that 80 per cent of the population will have radiographic evidence of OA by age 65, which is alarming considering the increase of ageing population in India.

SAMe in addition to its pain relief effect plays an important role in cartilage formation and repairs. Multi-countries clinical data has proven its efficacy and its role in osteoarthritis.

Gnosis SpA is an Italy-based advance biotechnology company specialising in research and development of innovative process in the field of biotechnology.

UNI

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