Grunenthal Acquires Global Rights for Qutenza(R)

Food and Healthcare Press Releases Tuesday November 6, 2018 09:30
AACHEN, Germany--6 Nov--PRNewswire/InfoQuest

Grunenthal, the science-focused pharmaceutical company based in Germany, announced today that it has acquired additional global commercial rights for the dermal pain patch Qutenza(R) (8% capsaicin) from Acorda Therapeutics, Inc (USA). Grunenthal is now the sole owner of Qutenza(R) worldwide, including the US, Latin America, Asia and Australia. Grunenthal had already acquired exclusive commercial rights for Europe, Middle East and Africa in December 2016.

"As a leader in pain research and management, we're dedicated to providing solutions for patients with high unmet medical needs. Qutenza(R) is a perfect strategic fit, as it complements our existing pain portfolio and is a real alternative to the current standard of care," says Gabriel Baertschi, Grunenthal's Chief Executive Officer.

Qutenza(R) is a highly effective pain product. A single, 1-hour, localised treatment with this patch may provide at least 3 months of relief from for example post-shingles nerve pain. Grunenthal will aim to make Qutenza (R) available to patients worldwide. In territories where the company does not have a presence of its own such as Asia and Australia, Grunenthal will look to partner or out-license Qutenza(R).

Grunenthal continues executing its growth strategy and has been expanding its pain portfolio by a series of acquisitions including European rights to Nexium(R), the global (ex US and Japan) rights to Vimovo(R) and global (ex Japan) rights to Zomig(R). The company has signed deals with a total value of more than US$ 1.3 billion since 2016.

About Qutenza(R)

Qutenza(R) (capsaicin) 8% patch is approved in the US for the management of neuropathic pain associated with postherpetic neuralgia. A single, 1-hour, localized treatment with Qutenza(R) may provide at least 3 months of relief from for example post-shingles nerve pain (PHN). In Europe, Qutenza(R) is approved by the European Medicines Agency for the treatment of peripheral neuropathic pain in adults, either alone or in combination with other pain medicines. The 8% capsaicin patch delivers a high dose of capsaicin directly to the damaged nerves in the skin that are the source of neuropathic pain. Applied to the area of pain, the capsaicin reduces the spontaneous activity and consequently reduces the neuropathic pain intensity. Important safety information can be found here: http://www.qutenza.com and http://www.ema.europa.eu/documents/product-information/qutenza-epar-product-information_en.pdf

About Grunenthal

Grunenthal is an entrepreneurial, science-based pharmaceutical company specialized in pain, gout and inflammation. Our ambition is to deliver four to five new products to patients in diseases with high unmet medical need by 2022 and become a EUR 2 bn company. We are a fully integrated research & development company with a long track record of bringing innovative pain treatments and state-of-the-art technologies to patients. By sustainably investing in our R&D above the industrial average, we are strongly committed to innovation.

Grunenthal is an independent, family-owned company headquartered in Aachen, Germany. We are present in approx. 30 countries with affiliates in Europe, Latin America and the US. Our products are sold in more than 100 countries and approx. 5,200 employees are working for Grunenthal worldwide. In 2017, Grunenthal achieved revenues of approx. EUR 1.3 bn.

More information: http://www.grunenthal.com
Follow us on:
LinkedIn: Grunenthal Group
Twitter: @grunenthalgroup
Instagram: gruenenthal
For further information, please contact:
Stepan Kracala, Head Global Communications
Tel.: +49-241-569-1335, Stepan.Kracala@grunenthal.com
Grunenthal GmbH, 52099 Aachen, Germany
Kerstin Nacken, Head Editorial Management and Media Relations
Tel.: +49-241-569-2710, Kerstin.Nacken@grunenthal.com
Grunenthal GmbH, 52099 Aachen, Germany
Source: Grunenthal Group

Latest Press Release

Menicon Announces Launch of Menicon Bloom Myopia Control Management System

- Launch Features Initial Introduction of Menicon Bloom Night, First and Only CE-approved Orthokeratology Contact Lens in Europe for Myopia Control - Menicon Co., Ltd. announced on May 24 the launch of the Menicon Bloom Myopia Control Management System,...

Experts Discuss Decentralized Manufacturing to Tackle Neglected Tropical Diseases and Promote Universal Health Coverage at World Health Assembly Event

- Global health leaders covered biomanufacturing and neglected tropical diseases (NTDs) during 72nd World Health Assembly - Event focused on innovative science and technology-based solutions to increase access to medicines and biologics Merck, a...

Menarini Ricerche at the ASCO Annual Meeting 2019 With Three Different Projects in Oncology

Menarini Ricerche will present three different projects related to the compounds in clinical development SEL24/MEN1703, MEN1611 and MEN1309/OBT076 at the ASCO Annual Meeting 2019 in Chicago. During the poster session "Breast Cancer – Metastatic"...

Surgical Specialties Corporation Launches Caliber Ophthalmics Division to Focus on Global Growth of Ophthalmic Surgical Procedures

Surgical Specialties Corporation (SSC) announced today the launch of Caliber Ophthalmics, a new business division. Caliber Ophthalmics combines SSC's Sharpoint(TM) brand, which has earned a trusted reputation serving ophthalmic surgeons for over 50...

After $7.1 Billion Sale Of Frutarom, Ori Yehudai To Join The Sade Group As Active Chairman and Investor

Ori Yehudai: "I took a company worth $3 million and sold it to IFF at $7.1 billion in 2018. In my opinion, the success of our cannabis company will be to build an industrial pharmaceutical company with the strictest standards, we had two such plants, and...

Related Topics