ProStrakan licenses Tostran to Bayer
Scotland-based ProStrakan has granted an exclusive license to Germany's Bayer Schering Pharma to develop and commercialize Tostran (2% testosterone gel) used for testosterone replacement in hypogonadal men, in 65 countries worldwide.
Under the terms of the agreement, Bayer has agreed to make unspecified upfront and milestone payments to ProStakan, subject to the achievement of certain approvals and sales targets. The Scottish firm will exclusively supply Tostran to Bayer in Canada, Latin America, the Middle East, Africa, Asia and the Pacific region and will receive an undisclosed royalty rate on sales generated in these territories.
Tostran is a 2% testosterone gel presented in a canister with a metered pump. Each depression of the pump provides 0.5g of gel, equivalent to 10mg of testosterone.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Today's issue
Company Spotlight
| Headless Content Management with Blaze