PharmaSwiss licenses rights to BioSante's Elestrin in Israel
The USA's BioSante Pharmaceuticals has licensed marketing rights for Elestrin (estradiol gel) in Israel to Swiss firm PharmaSwiss SA. The agent is indicated in the USA for the treatment of moderate-to-severe hot flashes associated with menopause. PharmaSwiss is responsible for regulatory and marketing activities in Israel. Financial terms of the agreement were not disclosed.
PharmaSwiss will submit BioSante's approved US New Drug Application to the authorities in Israeli, where marketing clearance in Israel is expected to take approximately one year.
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