Business
Lipocine Announces Supply and Distribution Agreement with Pharmalink to Commercialize TLANDO® in the Gulf Cooperation Council (GCC) Countries
SALT LAKE CITY, Oct. 8, 2024 /PRNewswire/ -- Lipocine Inc. (NASDAQ: LPCN), a biopharmaceutical company leveraging its proprietary technology platform to
About this update from Lipocine Inc.
[{"type":"text","content":"SALT LAKE CITY, Oct. 8, 2024 /PRNewswire/ -- Lipocine Inc. (NASDAQ: LPCN), a biopharmaceutical company leveraging its proprietary technology platform to augment therapeutics through effective oral delivery, today announced an exclusive supply and distribution agreement with Pharmalink https://pharmalink.ae/ to commercialize TLANDO®, its oral testosterone replacement therapy, in the Gulf Cooperation Council (GCC) countries consisting of Saudi Arabia, Kuwait, the United Arab Emirates (UAE), Qatar, Bahrain, and Oman. \n\n \n \n \n \n \n \n\n \nUnder the terms of the agreement, Lipocine received an upfront payment from Pharmalink and, upon Marketing Authorizations (MA) in individual GCC countries, Lipocine will provide TLANDO drug product to Pharmalink at an agreed transfer price. Pharmalink will have the exclusive rights to TLANDO throughout the GCC region and will be responsible for promotion, distribution and sale of the product in the territory.\n\"We are very pleased to partner with Pharmalink to bring TLANDO to the GCC region,\" said Dr. Mahesh Patel, President and CEO of Lipocine Inc. \"This agreement is aligned with our global strategy to expand the availability of TLANDO and make it broadly accessible. Pharmalink's expertise and established network in GCC make them an ideal partner to support the adoption and growth of TLANDO in the region.\"\nAbout TLANDO\nTLANDO is approved in the United States by the U.S. FDA as a testosterone replacement therapy (\"TRT\") in adult males indicated for conditions associated with a deficiency or absence of endogenous testosterone: primary hypogonadism (congenital or acquired) and hypogonadotropic hypogonadism (congenital or acquired). TLANDO was developed using Lipocine's proprietary Lip'ral drug delivery technology platform.\nFor full prescribing information, please visit www.TLANDO.com.\nAbout Lipocine\nLipocine is a biopharmaceutical company leveraging its proprietary technology platform to augment therapeutics through effective oral delivery to develop differentiated products. Lipocine has drug candidates in development as well as drug candidates for which we are exploring partnerships. Our drug candidates represent enablement of differentiated, patient friendly oral delivery options for favorable benefit to risk profile which target large addressable markets with significant unmet med...