BioAlliance Pharma SA (Euronext Paris – BIO), an innovative Company dedicated to the development of orphan oncology products and to supportive care products, announces the signature of an agreement* with the Company Shafayab Gostar to distribute Loramyc® in Iran (miconazole Lauriad™ mucoadhesive buccal tablet for the treatment of oropharyngeal candidiasis in immunocompromised patients).
Under this agreement, Shafayab Gostar is granted the right to import, promote and market Loramyc® in the Iranian territory once the registration procedures with the local authorities are completed. BioAlliance Pharma will remain the Marketing Authorization Holder of the product.
“This agreement marks the expansion of Loramyc®’s commercialization worldwide, and especially to emergent markets. We are delighted to collaborate with the Company Shafayab Gostar, a key player in the Iranian distribution market”, declares Judith Greciet, CEO of BioAlliance Pharma.
“With Loramyc® we are adding an innovative product to our portfolio that meets a medical need in a market where some 180,000 new cancer cases are diagnosed every year. Loramyc® provides a new therapeutic solution to patients suffering from oropharyngeal candidiasis, improves their care, particularly for patients at risk, and their quality of life”, comments A. Sobhanian, CEO of Shafayab Gostar.
* This agreement was concluded through the Company Cytis AG.
About Shafayab Gostar
Shafayab Gostar was established in 2001 and it represents Novartis, Bayer Schering, Boehringer Ingelheim, Eli Lilly, Hospira, Novo Nordisk, Nutricia, Actavis, OctaPharma, IBSA, Desitin and Convatec in Iran.