iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Zydus Partners with Viwit for $237M US Market Entry with MRI Contrast Agents

16 Sep 2024 , 03:58 PM

Zydus Lifesciences’ subsidiary, Zydus Lifesciences Global FZE, signed an exclusive licensing and supply agreement with Viwit Pharmaceuticals for two gadolinium-based MRI contrast agents targeting the US market.

The agreement includes the supply of gadobutrol injection, a generic version of Gadavist, and gadoterate meglumine injection, a generic version of Dotarem, which enhance visibility in MRI scans.

Viwit Pharmaceuticals will handle the ANDA submission, manufacturing, and supply of the generic versions of Gadavist™ and Dotarem upon receiving regulatory approval.

Zydus will take charge of marketing, distributing, and selling these MRI contrast agents in the US market, marking its entry into the contrast agent product category.

According to IQVIA MAT July 2024 data, the market for gadobutrol injection in the US is valued at $120 million, while gadoterate meglumine injection is estimated at $117 million.

On September 12, it was reported that the US FDA issued a warning to Zydus Lifesciences’ drug manufacturing facility in Jarod, Gujarat, following an April 2024 inspection.

The warning letter cited issues with cross-contamination, particulate contamination, and poor aseptic procedures, indicating inadequate current good manufacturing practices (CGMP) at the facility.

Related Tags

  • US Market Entry
  • Viwit
  • Zydus Lifesciences Limited
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Dollar Pauses Before Inflation Report
15 Jan 2025|11:10 AM
Oil Prices Flat Amidst Conflicting Signals
15 Jan 2025|10:14 AM
Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2024, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.