Boryung Pharmaceutical Co. today said it has signed an exclusive distribution agreement with Brazil’s largest drugmaker Ache Pharmaceutical, who will take care of commercializing Boryung’s new antihypertensive drug Kanarb (fimasartan).
Under the agreement, Boryung will deliver Kanrb, worth $40 million, to Ase over the next five years.
Boryung will also receive upfront and milestone paymen...
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