Canada-based Knight Therapeutics (TSX: GUD) and the US subsidiary of Japan’s Sumitomo Pharma (TYO: 4506) have entered into exclusive license and supply agreements to commercialize certain products.
These are Myfembree (relugolix/estradiol/norethindrone acetate), Orogvyx (relugolix) and vibegron in Canada, as well as an asset purchase agreement under which Knight will acquire certain mature products. For the year ended March 2025, the Products generated C$11.2 million (~$8 million) in revenue.
Knight will have the exclusive rights to distribute, promote, market and sell the products in Canada, and said it will begin commercial activities following a transition period from Sumitomo Pharma Canada.
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