Pharma Focus Asia

Medicure Acquires Exclusive License to Sell and Market Branded Cardiovascular Drug in the U.S.

Friday, December 15, 2017

Medicure Inc., a pharmaceutical company, today announced that, through its subsidiary, Medicure International Inc., it has acquired, from a large multinational pharmaceutical company, an exclusive license to sell and market a branded cardiovascular drug, for the treatment of patients with primary hyperlipidemia or mixed dyslipidemia, in the United States and its territories.  The licensing agreement is for a term of seven years with extensions to the term available.

The cardiovascular drug was approved earlier in 2017 by the U.S. Food and Drug Administration ("FDA") for sale and marketing in the United States and the Company intends to launch the product using its existing commercial sales force and infrastructure with a target commercial launch date in the first half of 2018.

"This licensing agreement, similar to our recent licensing of PREXXARTAN®, fits well with Medicure's mission of being a significant cardiovascular pharmaceutical company focused on the U.S. market," commented Medicure's President and CEO, Dr. Albert D. Friesen.  "This will further add to Medicure's revenue in the near term and utilizes the current commercial infrastructure in place for AGGRASTAT® (tirofiban hydrochloride)."

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