Endo International has announced the extension of its exclusive U.S. marketing rights for the currently marketed prescription medicine Voltaren® Gel (diclofenac sodium topical gel) 1% as well as for the product's Authorized Generic, should Endo opt to commercially launch it in the future. Endo, through an indirect wholly owned subsidiary, has entered into a licensing agreement with Sandoz Inc. and Novartis AG through June 30, 2023.
"We are very proud of Voltaren® Gel's market leading position and are therefore very pleased to extend our marketing rights and continue this successful commercialization," said Rajiv De Silva, President and CEO of Endo. "Endo has a long-standing commitment to supporting the pain community. With this agreement, we can now continue to provide Voltaren® Gel as an important product in our innovative pain product portfolio."
Under the terms of the seven-year agreement, Endo will make additional payments so long as there is no entry of a generic competitor product and the same minimum sales royalties and tiered, double-digit royalties on net sales of Voltaren® Gel in the U.S. as the current licensing agreement. Sandoz will continue to supply the product to Endo.