BMG Pharma signs agreement with Samyang Biopharmaceutical to market GelX in South Korea

Feb 17 2014

BMG Pharma S.r.l. today is pleased to announce that it has signed an exclusive distribution agreement with Samyang Biopharmaceutical Corporation granting them the rights to promote, sell and market its novel mucositis management product GelX® in the territory of South Korea.

BMG Pharma S.r.l will receive an undisclosed down payment from Samyang Biopharmaceutical Corporation who will exclusively market GelX® in South Korea.

GelX® will allow patients to receive the best care possible by using an innovative delivery technology to provide fast pain relief and eliminate swallowing issues and discomfort associated with mucositis related to chemotherapy, radiotherapy, and other pharmacologic therapies.

BMG 's team were the originators of some of the major Rx medical devices in cancer supportive care including Radiation Dermatitis and Xerostomia and we are sure we are providing the market with a new generation of innovative products for support of cancer patients and we are very pleased of the commitment from a major company like SAMYANG for GelX® said Marco Mastrodonato, President and CEO of BMG Pharma S.r.l.

We are very pleased to work with BMG Pharma S.r.l. to launch GelX® in the South Korean market, said Cheolho Kwak, President of Samyang Biopharmaceutical Corporation, because the delivery technology associated with GelX® is a significant breakthrough in ease of use and compliance associated with patients presenting with especially chemotherapy/radiotherapy-induced Oral Mucositis.