Jun 8 2011
Moberg Derma AB (publ.) (STO:MOB) has entered into a distribution agreement with OzHealth Pharma for Emtrix® - for discolored and damaged nails caused by nail fungus (onychomycosis) or nail psoriasis. Under the agreement OZ Pharma Health is granted exclusive rights to market and sell Emtrix® in Australia and New Zealand.
"The agreement is part of our international commercialization of Emtrix®, which now will be marketed in another large market. We currently have secured distributors for Emtrix® in over 20 markets," comments Moberg Derma's CEO, Peter Wolpert.
About Emtrix® and nail diseases Emtrix® is a prescription free, topical nail product and has the potential to become first-line treatment for common nail disorders. Launch of Emtrix® was initiated in the first markets in September 2010. Safety and efficacy have been demonstrated in several clinical studies including more than 500 patients. Emtrix® has a unique and rapid mechanism of action which brings visible improvements within 2-4 weeks of treatment. Nail fungus is the most common nail disease and afflicts approximately 10% of the general population and increasing with age. The estimated global market potential exceeds USD 1 billion. The untapped potential is significant since many patients remain untreated. It is generally recognized that there is a need for new efficacious and safe topical treatments.
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