Dong-A PharmTech signs $50M Russian ED drug deal
South Korean drugmaker Dong-A PharmTech has signed a $50.0 million, five-year deal with Russian pharmaceutical firm Otechestvennye Lekarstva OJSC, under which the latter will market the former's erectile dysfunction drug Zydena (udenafil). Under the terms of the agreement, Otechestvennye will pay an upfront fee and royalties based on sales. Dong-A said that the size of the deal surpasses the licensing agreement it signed with Saudi Arabia's SCP late last year (Marketletter November 6, 2006).
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