PharmaTher's Deal on Ketamine ANDA Expecting Over $25 Million

PharmaTher Sells Ketamine ANDA to Expand Market Potential

PharmaTher Holdings Ltd. (OTCQB: PHRRF) (CSE: PHRM) recently made a transformative move in the specialty pharmaceutical market by entering a strategic Asset Purchase Agreement for its Abbreviated New Drug Application (ANDA) regarding Ketamine Hydrochloride Injection USP. This deal positions PharmaTher to align with a prominent global pharmaceutical entity known for its expertise in sterile injectables and complex generics.

Insight from the CEO

Fabio Chianelli, the Chief Executive Officer of PharmaTher, expressed enthusiasm about this milestone. He noted that the agreement emphasizes the substantial potential embedded within PharmaTher's ketamine assets. By collaborating with a leading sterile-injectables firm, the company is set to benefit from the anticipated growth in the ketamine market. The structure of this deal not only assures immediate financial support but also provides for future profit-sharing that could drive further growth for the company.

Details of the Agreement

PharmaTher's asset sale involves receiving an upfront cash payment at closing, alongside milestone payments correlated with sales performance. This contract can yield over $25 million, based on various conditional outcomes that hinge on the commercial success of the ANDA product.

Confidentiality and Strategic Positioning

The buyer has requested confidentiality due to strategic reasons related to competitive positioning in the U.S. market for ketamine and sterile injectable generics. Investors should be aware that the buyer is well-regarded in the industry, holding FDA approvals and having successfully secured numerous ANDA approvals in the past. Their expanding U.S. operations include a portfolio of over 40 approved ANDAs, establishing a credible alliance to maximize the prospects for ketamine commercialization.

Future Opportunities for PharmaTher

This agreement is pivotal for PharmaTher, enabling participation in the long-term financial rewards of its ANDA while maintaining a crucial presence in the broader ketamine market. Consequently, the company can prioritize advancing its next-generation therapies, which include long-acting injectables and innovative delivery methods targeted at various conditions, such as psychiatric, pain-related, neurological, and orphan indications.

Anticipated Closing Timeline

As with most business transactions, the deal is subject to customary closing conditions, including necessary regulatory notifications. The expected date of closing is anticipated to occur shortly, promising a timely advancement for PharmaTher and its strategic endeavors.

About PharmaTher Holdings Ltd.

PharmaTher Holdings Ltd. is at the forefront of unlocking the therapeutic potential of ketamine, addressing mental health challenges, pain management, and neurological disorders. To stay informed about PharmaTher's developments, visit PharmaTher.com.

Contact Information

For additional inquiries, please reach out to:
Fabio Chianelli
Chief Executive Officer
PharmaTher Holdings Ltd.
Tel: 1-888-846-3171
Email: info@pharmather.com
Website: www.pharmather.com

Frequently Asked Questions

What is the significance of the recent agreement for PharmaTher?

The agreement allows PharmaTher to monetize its ketamine assets while enabling profit-sharing from sales, enhancing financial stability and growth opportunities.

Who is PharmaTher's partner in the agreement?

The partner is a well-established global pharmaceutical company specializing in sterile injectables and complex generics.

What are the potential earnings from the agreement?

PharmaTher could potentially earn over $25 million through upfront payments, milestone payments, and profit-sharing over a seven-year period.

How will this impact PharmaTher's future projects?

This deal allows PharmaTher to continue focusing on its next-generation ketamine therapies, including innovative treatments for various health conditions.

When is the expected closing date for this agreement?

The closing date is expected to occur in the near term, pending regulatory approvals and other standard conditions.

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