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Bayer sells testosterone drug rights to Grünenthal for €500m

pharmaphorum

Grünenthal is paying up to €500 million ($501 million) for rights to Nebido (testosterone undecanoate), which is sold in around 80 countries worldwide for testosterone deficiency and made sales of €117 million last year. Grünenthal will make the purchase in cash upfront, with the final figure dependent on any closing adjustments.

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Pharma Franchise Frequently Asked Questions & Answers

Fossil Remedies

It is an agreement between a franchiser which is typically a pharma manufacturing (or marketing) company where a franchisee is an individual entrepreneur or a small company that buys the license. Why is it a great idea to launch a pharma franchise? Are there any sales targets? GST copy issued by govt.

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How to Start a Pharmaceutical Distribution Company?

Fossil Remedies

He will examine the overall business concept and determine the ways to boost sales. You can team up with some establish pharma manufacturing company. The last and final step is to verify the license requirements. Once the company is launched, it is time to promote the brand by using every possible channel.