tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Lenz, Lunatus announce exclusive partnership for VIZZ in Middle East

LENZ Therapeutics (LENZ) announced an exclusive distribution agreement for Lunatus to register and commercialize VIZZ for the treatment of presbyopia in the Middle East Region. LENZ Therapeutics is a pharmaceutical company focused on the commercialization of VIZZ 1.44%, the first and only FDA-approved aceclidine-based eye drop for the treatment of presbyopia. Lunatus is an independent pharmaceutical company specialized in the commercialization of pharmaceutical products in the Middle East. Under the terms of the agreement, LENZ will receive upfront, regulatory and commercial milestone payments, in addition to a significant share of revenue generated in the region through a pre-determined minimum product supply price. Lunatus will retain exclusive commercialization rights for VIZZ for the treatment of presbyopia in the Middle East region, including United Arab Emirates, Kingdom of Saudi Arabia, Kuwait, Qatar, Bahrain, Oman, Jordan, Lebanon and Iraq. “As the commercial launch of VIZZ in the United States continues to build momentum, we are pleased to expand our network of commercial partnerships in key strategic regions outside the United States. Lunatus represents our fourth commercialization partnership for VIZZ, as we remain deeply committed to expanding global access to this transformative presbyopia therapy,” said Eef Schimmelpennink, President and CEO of LENZ Therapeutics.

Claim 70% Off TipRanks Premium

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1