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THERATECHNOLOGIES ANNOUNCES A SUPPLY, DISTRIBUTION AND
LICENSING AGREEMENT WITH ACTELION PHARMACEUTICALS CANADA
Montreal, Canada – February 21, 2012 – Theratechnologies Inc. (TSX: TH)
(NASDAQ: THER) announced today that they have entered into a supply, distribution
and licensing agreement with Actelion Pharmaceuticals Canada Inc. providing Actelion
with the exclusive commercialization rights to tesamorelin in Canada.
Under the terms of the agreement, Actelion will be responsible for all ongoing
regulatory and future commercialization activities in connection with tesamorelin in
Canada. Theratechnologies will be responsible for the manufacture and supply of
tesamorelin to Actelion, who will purchase tesamorelin at a predetermined transfer
price.
“Actelion represents the ideal partner for Theratechnologies in Canada. With a sales
force already in place and trained in the commercialization of specialty treatments,
Actelion will be in a position to effectively market tesamorelin, once approved. We
look forward to tapping into their sales and marketing expertise in the
commercialization of therapies in specialty markets as well as their extensive
knowledge of the Canadian reimbursement system,” said John-Michel T. Huss,
President and Chief Executive Officer of Theratechnologies.
“Balancing innovation, medical need and commercial potential is crucial in our decision
to support a given product and we are confident that Theratechnologies’ innovative
treatment for HIV patients with lipodystrophy fits the bill,” stated Jacques Archambault,
President of Actelion Pharmaceuticals Canada. “Our agreement with
Theratechnologies will allow us to leverage our existing infrastructure in Canada,
providing Theratechnologies with an established platform for an innovative product to
the benefit of patients,” added Mr. Archambault.
“As previously stated, entering into commercial partnerships in markets around the
world to increase revenues fr
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