Lannett Company, Inc. has entered into an agreement with Areva Pharmaceuticals to be the exclusive U.S. distributor of Fludarabine Phosphate for injection, USP, 50 mg/2mL, single dose vials.
"Fludarabine Phosphate for injection represents a continuation of our push to new dosage forms with attractive market opportunities," said Tim Crew, chief executive officer of Lannett. "Moreover, a drug market shortage has recently existed for Fludarabine Phosphate for injection, so our goal, subject to FDA clearance, is to commence marketing as soon as possible, targeting later this calendar year, to help patients gain access to this important oncology medicine. We are pleased to establish a new strategic relationship with Areva Pharmaceuticals and look forward to launching this product."
While total U.S. sales for the 12 months ended March 2022 of Fludarabine Phosphate for injection, USP, 50 mg/2mL were approximately $4.9 million, according to IQVIA, the current market value is believed to be higher due to the recent market disruptions.
Under the agreement, Lannett will provide sales, marketing and distribution support for Fludarabine Phosphate, for which it will receive a share of the profits. Other financial terms were not disclosed. Fludarabine Phosphate for injection USP is the generic equivalent of Fludara® of Bayer AG.
Fludara® is a registered trademark of Bayer AG.
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