ProStrakan and Orexo establish JV distribution deal
Scottish drugmaker ProStrakan has signed an agreement with Swedish pharmaceutical firm Orexo AB that will focus on the marketing and distribution of both companies products in Norway, Sweden, Finland, Denmark and Iceland. The deal will use Sweden-based ProStrakan AB as the joint venture company, in which Orexo will invest L1.3 million ($2.6 million) for a 50% stake. Sales will be booked on a 50:50 basis, with all costs and profits being shared.
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