Meda Expands Collaboration with the Indian Pharmaceutical Company Cipla

GÖTEBORG, Sweden--()--Regulatory News:

Meda (STO:MEDAA) is broadening its collaboration with the Indian pharmaceutical company Cipla, thereby expanding its exclusive rights to Dymista and future product development. Through the extended partnership, Meda now have full coverage in all growth markets in Latin- and South America, Middle East and Africa and Asia, including more than 120 new markets.

Meda and Cipla will cooperate on product development of Dymista. Cipla will be responsible for formulation, while Meda will be responsible for clinical development, registration, marketing and sales. The companies will also collaborate on future production of Dymista and any new products developed.

“Through this expanded partnership, we secure opportunities for global commercialization of Dymista and optimize future product development,” says Anders Lönner, Meda’s CEO. “Not least, we see great potential in several priority growth markets such as China.”

About Dymista

Dymista is a novel nasal treatment of allergic rhinitis. The efficacy and safety of Dymista has been documented in several studies with more than 4,000 patients, including a long-term safety study with more than 600 patients. Dymista has consistently shown faster and more complete symptom relief than standard treatment in the US. Dymista was approved in the US in May 2012 and in Europe in January 2013.

MEDA AB (publ) is a leading international specialty pharma company. Meda’s products are sold in more than 120 countries worldwide and the company is represented by its own organizations in over 55 countries. The Meda share is listed under Large Cap on the Nasdaq OMX Nordic Stock Exchange in Stockholm. Find out more, visit www.meda.se.

Forward-looking Statements

This press release is not an offer to sell or a solicitation to buy shares in Meda. This press release also contains certain forward-looking statements with respect to certain future events and Meda’s potential financial performance. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts, and may sometimes include words such as “may”, “will”, “seek”, “anticipate”, “expect”, “estimate”, “intend”, “plan”, “forecast”, “believe” or other words of similar meaning. These forward looking statements reflect the current expectations on future events of the management at the time such statements are made, but are made subject to a number of risks and uncertainties. In the event such risks or uncertainties materialize, Meda’s results could be materially affected. The risks and uncertainties include, but are not limited to, risks associated with the inherent uncertainty of pharmaceutical research and product development, manufacturing and commercialization, the impact of competitive products, patents, legal challenges, government regulation and approval, Meda’s ability to secure new products for commercialization and/or development and other risks and uncertainties detailed from time to time in Meda AB’s interim or annual reports, prospectuses or press releases. Listeners and readers are cautioned that no forward-looking statement is a guarantee of future performance and that actual result could differ materially from those contained in the forward-looking statements. Meda does not intend, nor undertakes, to update any such forward looking statements.

This information was brought to you by Cision http://news.cision.com

Contacts

Meda
Paula Treutiger
Investor Relations
ph: 46 733-666 599

Contacts

Meda
Paula Treutiger
Investor Relations
ph: 46 733-666 599