Ethypharm signs deal with Globalpharma for Gulf

Mumbai, Aug 10 (UNI) Ethypharm India, subsidiary of leading French multinational Drug Delivery company Ethypharm SA, has announced an important deal for out-licensing of five New Products in different therapeutic segments with Globalpharma.

This deal comes in quick succession after a similar deal was signed by Ethypharm with Globalpharma for development and supply of Cetirizine 10 mg Oro-dispersible tablets last year.

Under the terms of the agreement, Ethypharm India will be responsible for the development and supply of the five products; where in return Globalpharma will be responsible for marketing and distribution in Middle East and Gulf countries markets.

In a statement here today, Ethypharma Executive Office Mr Ajey Kumar said, ''With this deal, Ethypharm has clearly established a leadership position in Drug delivery segment of Middle East and Gulf region.'' UNI AR KU VKG1635