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(HROW) – Harrow Well being Acquires Japan-Authorised Ophthalmic Injection For Undisclosed Sum

(HROW) - Harrow Health Acquires Japan-Approved Ophthalmic Injection For Undisclosed Sum

  • For an undisclosed quantity, Harrow Well being Inc (NASDAQ: HROW) has agreed to accumulate MAQ-100 U.S. and Canadian industrial rights from Wakamoto Pharmaceutical Co Ltd.
  • MAQ-100 is a preservative-free triamcinolone acetonide ophthalmic injection.
  • MAQ-100 is offered by Wakamoto in Japan as MaQaid and is indicated as an intravitreal injection for visualization for vitrectomy. 
  • Since its preliminary approval, the indication for MaQaid was expanded to incorporate alleviation of diabetic macular edema, macular edema related to retinal vein occlusion, and non‑infectious uveitis. 
  • Harrow will initially concentrate on MAQ-100 improvement for visualization throughout vitrectomy.
  • Mark L. Baum, CEO of Harrow Well being, acknowledged, “this transaction is a wonderful strategic match with our latest dedication to broaden our footprint to incorporate retina‑centered surgeons and follows our latest announcement of the acquisition of AMP‑100, a patented, modern ocular floor anesthetic drug candidate.” 
  • Beneath the phrases of the settlement, Wakamoto will obtain funds primarily based on the achievement of business milestones and provide Harrow with MAQ-100. 
  • Harrow Well being can have advertising and marketing rights for the U.S. and Canada, whereas Wakamoto Prescribed drugs will retain MAQ-100 advertising and marketing rights in different international locations.
  • Worth Motion: HROW shares closed 1.36% decrease at $8.69 on Tuesday.