SymBio receives licensing rights from Eagle Pharma
Eagle Pharmaceuticals, Inc. has licensed to SymBio Pharmaceuticals Limited rights under Eagle’s intellectual property to develop, market and sell Eagle’s bendamustine hydrochloride (bendamustine HCl) ready-to-dilute (RTD) and rapid infusion (RI) injection products in Japan.
SymBio will be responsible for securing regulatory approval of the RTD and RI injection products using the licensed technology in Japan with a target for approval of a product in 2020. SymBio currently markets TREAKISYM in Japan, a lyophilized powder formulation of bendamustine HCl indicated for chronic lymphocytic leukemia (CLL); relapsed or refractory low-grade Hodgkin’s lymphoma (NHL); mantle cell lymphoma (MCL); and as a first line treatment of low-grade NHL and MCL.
According to SymBio, 12-month sales ended June 30, 2017 in Japan for TREAKISYM were $52 million, due to the approval of first line treatment for NHL and MCL in December 2016. SymBio has estimated that sales of TREAKISYM are estimated to grow to $90 million in 2018.