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Daewoong sells calcium product of KRW 72.8 billion to Abbott

Published: 2016-11-04 16:01:39
Updated: 2016-11-04 16:01:39

On the 2nd, Daewoong Pharmaceutical officially announced a KRW 72.8 billion exclusive sales agreement of ‘Pitavastatin Calcium Tab’ in 4 East Asian countries, including Thailand, with the global pharmaceutical company, Abbott.

The upfront payment includes royalties and 10-year collective exports, and Abbott will exclusively sell the product in 4 East Asian countries. The amount accounts for 8....

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