Tuesday, October 9, 2012

Kyorin transfers assets related to Pekiron Cream (0.5%) to Galderma KK

Pekiron Cream (Amorolfine) an anti fungal agent was approved by MHLW in 1993. In 2002, Kyorin had given sales right to Galderma KK, (Japanese subsidiary of Galderma SA). The current agreement would transfer all Pekiron assets to Galderma SA. Pekiron is currently comarketd by Sata Seiyaku and it would continue to do so event post transfer of assets to Galderma. The transfer of assets will have no significnat impact on Kyorin financial results