On April 29, 2020 PharmaMar (MSE:PHM) has reported that it has signed an agreement with Immedica Pharma AB (Immedica) for the exclusive distribution and marketing, if approved, of the anti-tumor drug lurbinectedin for territories that include the UK, Ireland, the Nordic countries, some countries within Eastern Europe, the Middle East and North Africa (Press release, Immedica Pharma, APR 29, 2020, View Source [SID1234556715]).

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Under the terms of the agreement, PharmaMar will receive an upfront payment of €2 million and will also be eligible for additional regulatory milestone payments. In the above territories, PharmaMar will receive 50% of future sales in Europe and 40% of future sales in the Middle East. PharmaMar will retain exclusive production rights for the product, which will be supplied to Immedica for commercial and clinical use. In addition, PharmaMar will retain the rights to distribute and market the product in the rest of Europe.

Luis Mora, General Manager of PharmaMar’s Oncology business unit, said: "This is our second strategic alliance with Immedica, this time for the marketing of lurbinectedin in the above territories for the treatment of small cell lung cancer and other possible indications. This agreement is in line with our commitment to bring innovative therapies to patients worldwide."

Anders Edvell, CEO of Immedica, said: " We are truly happy to further expand our highly successful partnership with PharmaMar, and, pending regulatory approval to be able to provide lurbinectedin to patients with significant medical needs."