MERCK SERONO ANNOUNCES COLLABORATION WITH BRISTOL-MYERS (ENG)
(The following press release from Merck KGaA was received by e-mail. It was not confirmed by the sender.)
Your Contact Phyllis Carter Phone +49 6151 72-7144
Merck Serono Announces Collaboration With Bristol-Myers Squibb for Glucophage in China for Treatment of Type 2 Diabetes
• Companies focused on expanding access to Glucophage® for patients with Type 2 diabetes in China • Type 2 Diabetes is a growing public health concern in China, with over 90 million people affected
Darmstadt, Germany, March 19, 2013 – Merck Serono, a division of Merck in Darmstadt, Germany, today announced a collaboration for promotion of the type 2 diabetes drug Glucophage® (metformin hydrochloride) under different formulations in China. Under terms of the agreement, Merck Serono and Bristol-Myers Squibb will co-promote Glucophage in China through a profit-sharing arrangement. Glucophage has been marketed by Bristol-Myers Squibb-SASS in China since 1999. The two companies will utilize their existing resources and complementary strengths, with Bristol-Myers Squibb-SASS continuing to manufacture Glucophage’s IR® (immediate release) formulation. The collaboration will seek to expand the geographic distribution of Glucophage as well as provide diabetes-related health and medical information including education for health professionals. In addition, the co-promotion will significantly increase outreach to hospitals. Other terms of the agreement were not disclosed.
The complete news release can be downloaded at the following link: http://news.merck.de/N/0/D836A69218EED590C1257B32006AB46C/$File/Chi-Glu-MS.pdf
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Merck KGaA ,Darmstadt, Germany External Communications E-mail: Media.Relations@merck.de Hotline: +49 (0) 6151/72-5000
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