Basel, Switzerland, March 06, 2018 - Basilea Pharmaceutica Ltd. (SIX: BSLN) announced today that partner Grupo Biotoscana S.L. ("GBT") has launched Basilea's hospital antibiotic Zevtera® (ceftobiprole) in Argentina.
David Veitch, Chief Commercial Officer, said: "We are very pleased with the launch of Zevtera in Argentina. This is the first launch of the brand in the important Latin America region and also the first launch of Zevtera in any country outside Europe. We are looking forward to GBT making our broad-spectrum anti-MRSA antibiotic available to patients in Argentina and subsequently in other Latin American countries following regulatory approval."
Zevtera is approved in Argentina for the treatment of community-acquired pneumonia (CAP) and hospital-acquired pneumonia (HAP), excluding ventilator-associated pneumonia (VAP).
Basilea entered into a supply, distribution and licensing agreement for Zevtera and the antifungal Cresemba® (isavuconazole) with GBT in September 2016. Including Argentina, the agreement covers 19 countries in Latin America. Basilea received a CHF 11 million upfront payment from GBT. Basilea supplies GBT with Zevtera at a transfer price and is eligible to receive further regulatory and sales milestone payments.