MOBERG DERMA ENTERS LICENSE AND DISTRIBUTION AGREEMENT WITH MEDPHARM

Moberg Derma AB and MedPharm Ltd today announce a license and distribution agreement for the development, marketing and sales of new dermatology products that will combine Moberg Derma’s Kaprolac® platform with MedPharm’s MedSpray™ technology. According to the agreement, MedPharm will be eligible for royalty payments.

Moberg Derma obtains the exclusive rights to worldwide manufacturing, distribution and sales and have the option to develop three products based on MedSpray™. Moberg Derma will be responsible for the clinical development and registration of the new products.

“This collaboration with MedPharm enables us to broaden our pipeline with highly innovative and commercially attractive products. There are important synergies between MedPharm’s formulation technology and Moberg’s therapeutic concepts”, says Peter Wolpert, CEO of Moberg Derma AB. “We have great expectations on this collaboration as MedPharm’s know-how and experience add significant value to our development portfolio.”

“I am extremely pleased that we will be working with Moberg Derma to develop innovative dermatology products utilizing our MedSpray™ drug delivery system. This spray-on film technology will produce patient-friendly, elegant products. Combining our Patch in a Can™ technology with Moberg’s Kaprolac® platform should produce an exciting, novel product for the global dermatology market which is greatly needed. It will be great to collaborate with an up and coming EU dermatology company”, adds Andrew Muddle, CEO of MedPharm Ltd.

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