November 4, 2024

Hikma collaborates with Cosmo

Facebook
Twitter
LinkedIn
Mazen Darwazah, Hikma’s Executive Vice Chairman and President of MENA.
Mazen Darwazah, Hikma’s Executive Vice Chairman and President of MENA.

Hikma Pharmaceuticals PLC (Hikma) announces an exclusive license agreement with Cassiopea S.p.A., a subsidiary of Cosmo Pharmaceuticals N.V. (Cosmo). Cosmo is focused on developing and commercialising products to treat selected gastrointestinal diseases and dermatological conditions.

Under the terms of the agreement, Hikma has an exclusive license to commercialise Winlevi (clascoterone) cream 1perecent, a novel drug used for the topical treatment of acne by targeting acne hormones in the skin, in 17 MENA countries.

Hikma and Cosmo logo

Acne is considered to be one of the most prevalent skin conditions across the MENA region. This is due to its predominantly young population, with approximately 55 percent of the population under the age of 30. This agreement grants Hikma exclusive rights to commercialize Winlevi in MENA markets, including Saudi Arabia, Egypt and UAE, which represent around 75 percent of the total acne market in MENA.

Commenting on the agreement, Mazen Darwazah, Hikma’s Executive Vice Chairman and President of MENA, said: “We are excited to partner with Cosmo to bring this novel dermatological treatment to our patients in MENA. Winlevi has a unique method of action in which it can target the acne hormones in the skin. This agreement strengthens our dermatology portfolio, a key therapeutic area for Hikma. It also enables us to increase patients’ access to differentiated medicines in the region putting better health within reach. We look forward to working with Cosmo.”

Pharmaceuticals

Diana Harbort, President of Cosmo’s Dermatology Division, said: “We are delighted to partner with Hikma. Their significant experience in commercialization in the MENA region gives us great confidence in their ability to successfully register and market Winlevi. We look forward to more acne patients around the globe having access to Winlevi.”

Source

Share.

RELATED POSTS

New partnership arises between Misr El Kheir, Al-Futtaim Group Real Estate.
Misr El Kheir partners with Al-Futtaim Group Real Estate
The new agreement is a testament to the strong partnership and successful cooperation between the two companies.
Saudia Cargo extends partnership with Cainiao
Saudi Egyptian developers, NUCA to launch M8 phase in Marina El Alamein
SED and NUCA to launch M8 phase in Marina El Alamein
  • Asialink Finance

LATEST POSTS

CRS-Oman-banner
Du joins forces with Accenture to strengthen its information technology division. Accenture will work closely with du and its partners to move to a new operating model Image Courtesy: Du
Commercial Bank International (CBI), a leading UAE bank, has announced the signing of a Memorandum of Understanding (MOU) with Zumo, an award-winning digital-assets-as-a-service platform registered with the UK Financial Conduct Authority (FCA). Image courtesy: Commercial Bank International
Hassana Investment Company (Hassana) and EIG, have signed a memorandum of understanding (MoU) to collaborate on infrastructure and energy transition projects in the Middle East.