Glenmark Pharmaceuticals, a global pharmaceutical company, has entered into an exclusive agreement with Sam Chun Dang Pharm. Co. Ltd. (SCD), to develop, manufacture and market a portfolio of ophthalmic products in the US and Canada. Under this agreement, these products will be developed and manufactured by SCD in South Korea. Glenmark will seek all market authorizations and commercialize the products in North America.
“The agreement for these ophthalmic products is aligned with our strategy to strengthen our focus on complex generic formulations,” said Robert Matsuk, president, North America & Global API at Glenmark Pharmaceuticals. “Our strategic partnership with SCD supports our objective to expand the product offerings of our complex generic portfolio.”
It is expected that Glenmark will file six Abbreviated New Drug Applications (ANDAs) beginning in the first half of 2019 for the licensed SCD ophthalmic products. According to IMS sales figures, the US brand sales for the six products was approximately $1.7 billion for calendar year 2017.
Established in 1943 and based in Seoul, South Korea, SCD develops and manufactures ophthalmic solutions, solid orals, nasal solutions and ampules for a wide range of therapeutic classes. SCD actively expands distribution networks worldwide and focuses on regulated markets with a wide range of ophthalmic products.