TWi Pharmaceuticals, a leading specialty pharmaceutical company based in Taipei, Taiwan, focusing on the development of high barrier generic prescription products ranging from oral controlled release dosage form to novel drug delivery systems including the utilisation of nanoparticles, transdermal, and polymeric oral delivery systems announced that TWi and Teva Pharmaceuticals (“Teva”) have reached an agreement that will transfer the United States sales and distribution rights of TWi’s generic versions of Megace ES (megestrol acetate oral suspension, 625 mg/ 5 ml) and Lidoderm ( lidocaine patch, 5 per cent) from Teva to Twi.
TWi will distribute both products through its wholly-owned subsidiary, TWi Pharmaceuticals USA. TWi has assembled a sales and distribution team in the US and plans to launch several products in the US under TWi’s label this year.
“We are excited that we are going to sell our products under the TWi label and TWi will be able to enjoy all the profits derived from the products. We are optimistic about the change, which is consistent with the company strategy.” says Dr. Calvin Chen, President of TWi Pharmaceuticals, Inc.