Register Now
Why register?
Login
 The leading web portal for pharmacy resources, news, education and careers April 19, 2019
Pharmacy Choice - Pharmaceutical News - Vitruvias Therapeutics Inc. Enters into a Semi-Solid (Topical) Licensing Agreement with Hong Kong-Based Bright Future - April 19, 2019

Pharmacy News Article

 2/11/19 - Vitruvias Therapeutics Inc. Enters into a Semi-Solid (Topical) Licensing Agreement with Hong Kong-Based Bright Future

AUBURN, Ala. & HONG KONG(BUSINESS WIRE) Vitruvias Therapeutics Inc., an Auburn, Alabama-based finished-dose generic drug company, has announced it has entered into a collaborative development agreement with a Hong Kong-based pharmaceutical company, Bright Future Pharmaceutical Lab Ltd, to develop a portfolio of semi-solids to be marketed in the United States and China. U.S. distribution will be handled by Vitruvias and Bright Future will be responsible for China and other agreed upon Asian territories. The products will be manufactured by Bright Future's newly constructed unit at its Hong Kong site specifically designed for producing products in regulated markets.

We are elated to have found a partner with the resources, rich history of success in the complex Chinese markets, and philosophical belief system that matches our own, said Carl Whatley, Chairman and CEO of Vitruvias. Bright Future has proven themselves to be an entrepreneurially-driven company with regards to their desire to become a global player in the world of dermatology, and we are very fortunate to have found such a partner. With their product development expertise, manufacturing sophistication and the ability to reach both large and small markets in China, Bright Future's dermatology portfolio is currently the most widely prescribed brand by Chinese dermatologists.

The Founder and Chairman of the Bright Future Group, Mr. Chan Chak Yeung, said, We are looking forward to working with the Vitruvias team to achieve our mutual goals. Their experience in the U.S. will help us implement our next objective of attaining an international presence in the field of dermatology. We also hope to work with Vitruvias to leverage our strengths in the production of other dosage forms as we pursue a broader collaboration.

About Vitruvias Therapeutics

Vitruvias Therapeutics is a generic pharmaceutical company which utilizes domestic and international partnerships to develop, manufacture, and market generic products. Founded in the southern U.S. in 2013, the company's primary focus is on products in the generic sterile injectable market, semi-solid market, and selected high-value oral solids. The Company currently markets several generic products in the U.S. The company received its first approval in September 2017 and anticipates several additional ANDA applications will be filed during 2019. www.vitruvias.com

About Bright Future

Headquartered in Hong Kong, Bright Future Group is a leading pharmaceutical company committed to developing affordable and reliable generic medical solutions since 1993. Today, the company is the largest PIC/S GMP certified pharmaceutical manufacturer in Hong Kong. With years of development, it has also established subsidiary plants in Hong Kong, Mainland China, the USA and Germany. Pursuing its long-term corporate vision, 7,000 employees dedicate themselves to the research and development, manufacturing and commercialization of generic medicines, health supplements and daily necessities worldwide. It focuses on the treatment of disorders for patients in the areas of dermatology, orthopedics, respiratory, pediatrics, geriatric and gynecology. Bright Future Group has strong international R&D teams in Hong Kong, New York, as well as Haikou and Suzhou in China to support our network. The company strives to fulfill their commitment, continuing to expand their product portfolio to make a significant contribution locally and globally. www.brightfuture.com.hk

Carl Whatley

Chairman & CEO

Vitruvias Therapeutics Inc.

Phone +1 (334) 329-5601

carl@vitruvias.com

Maggie Lau Wai Ching

Corporate Communications Manager

Bright Future Group

Phone +852 2211 2447

ccm@brightfuture.com.hk

Source: Vitruvias Therapeutics Inc.



Copyright Business Wire 2019

Pharmacy News Index
  Drug Delivery Systems
  Drugstores
  FDA Final Approvals
  Front Page Healthcare News
  Generic Drugs
  Hospital Industry
  Internet Pharmacy
  IT in Healthcare
  Medicare & Medicaid
  Over-the-Counter Drugs
  Pharm Industry Trends and Policy
  Pharmaceutical Development
  Pharmaceutical Industry

LIVE ONLINE CE

Apr 22: Can Pharmacy Malpractice Be a Crime?
Apr 23: Management of Bipolar Disorder
Apr 24: Identifying, Targeting and Managing Chronic Renal Failure
Apr 25: COPD Update for Pharmacy Professionals
Apr 28: Pharmacy & the Opioid Crisis
Click for entire Webinar Calendar

Special Announcement

Free Membership
Enjoy Drug Search, industry newsletters and more...

Nursing Jobs
Are you a nurse looking for a job?

Check out the Nursing Job Source.

Your number one choice for nursing jobs.



Websites » RxCareerCenter.comRxSchool.comClubStaffing.comNursingJobSource.comRN.com
Copyright © 2019 Pharmacy Choice - All rights reserved.
Terms and Conditions | Privacy Statement
888-682-4415