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    Luoxin Pharmaceutical
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    No. 18, Huxi Rd., National New and High-tech Industrial Development Zone, Linyi, Shandong
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    Luoxin Pharmaceutical Signs Licensing Agreement With Austria-based Marinomed Biotech AG for Budesolv® Budesonide Nasal Spray

    Details:

    Under the terms of the agreement, Shandong Luoxin will gain the exclusive rights for the development, manufacture, and commercialization of Budesolv® (Budesonide Nasal spray) in China (including Chinese mainland, Hong Kong and Macao SAR, Taiwan region).


    Lead Product(s): Budesonide

    Therapeutic Area: Immunology Product Name: Budesolv

    Highest Development Status: Phase IIIProduct Type: Small molecule

    Recipient: Marinomed Biotech

    Deal Size: $22.0 million Upfront Cash: $2.0 million

    Deal Type: Licensing Agreement October 19, 2021

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