Sunny Pharmtech, Vitruvias Therapeutics to co-develop portfolio of generics

MONTGOMERY, Ala. and TAIPEI, Taiwan — Taiwan-based drug development company Sunny Pharmtech and Vitruvias Therapeutics, a generic drug development company, on Tuesday announced that they will team up to co-develop a portfolio of generic drug products.

 

According to the companies, the partnership will allow them to “develop and commercialize generic products in markets that currently exceed $400 million.” Each company will have a 50% stake in the portfolio of products and the first abbreviated new drug application is expected to be filed in fourth-quarter 2015. 

 

“We are fortunate to have the opportunity to partner with a company as technologically sophisticated as Sunny Pharmtech given their expertise in the development of API and finished dose formulations,” said Carl Whatley, general manager of Vitruvias. “Sunny Pharmtech provides us with the know-how to develop difficult products in under-served U.S. markets and we look forward to addressing the needs of those markets as soon as we possibly can.”

 

Dr. Yon-Lian Wu, Sunny Pharmaceutical CEO and chairperson, added: “I am delighted to announce this strategic partnership between Sunny Pharmtech and Vitruvias. It will leverage both companies’ respective strengths to meet the needs of patients for high quality and cost-effective generic pharmaceuticals. For Sunny Pharmtech, this agreement will enhance our efforts to establish a world-class platform to support our efforts in the generic pharmaceutical products area. By combining our respective capabilities in this joint effort, Sunny Pharmtech and Vitruvias are creating a global business model and a robust base in the generic pharmaceuticals market.”