Danish allergy immunotherapy specialist ALK Abello (OMX: ALK B) has announced a four-year agreement with USA-based ARS Pharmaceuticals (Nasdaq: SPRY) to co-promote the neffy adrenaline (epinephrine) nasal spray to up to 9,000 named pediatricians in the USA. These paediatricians currently account for close to 10% of all adrenaline auto-injector prescriptions in the USA.
The agreement is expected to give ALK improved access to US pediatricians, providing also attractive synergies to ALK’s existing product portfolio. neffy is the only approved needle-free treatment for life-threatening type I allergic reactions, including anaphylaxis.
Both companies’ share edged up on the news, ALK gaining 1.7% to 155.80 kroner and ARS up 2.1% to $14.46.
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