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New Female Sexual Dysfunction Drug
A new Canadian drug to treat vaginal atrophy and female sexual dysfunction is being developed by a new partnership between Bayer Inc and EndoCeutics Inc, who are based in Quebec. The deal, believed to be worth up to three hundred and thirty million dollars, was revealed on Tuesday and concerns the Phase III development and marketing of the new Canada drug Dehydroepiandrosterone, otherwise known as DHEA.
It could cost up to three hundred and thirty million to finance research costs and pay for clinical trials of the Canadian drug in both Canada and the United States. DHEA is believed to be a major factor in menopausal problems for women, decreased levels of which can cause vaginal atrophy and sexual dysfunction. Up to seventy five percent of post menopausal women suffer from vaginal atrophy, claims EndoCeutics CEO Dr. Fernand Labrie. We believe that Bayer, a world leader in womens health, is the best partner for this partnership and the commercialization of this product worldwide.
EndoCeutics will carry out the Phase III clinical studies of the Canada drug itself, which Bayer will then pick up from by licensing and commercializing, manufacturing, marketing and distributing any products that emerge from the tests, for which they have been granted an exclusive license all over the world except for Canada itself, which EndoCeutics is reserving the right to commercialize in.
Providing it gets the go ahead by health authorities, the drug is expected to be sold under the name Vaginorm.
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