RNS5 Apr 2022 08:20
MGC Pharmaceuticals Ltd (‘MGC Pharma’ or ‘the Company’), a European based bio-pharma company specialising in the production and development of phytomedicines, has signed an exclusive distribution agreement with Sciensus Rare, a part of UK health care group, Sciensus, for the distribution of CannEpil® and CogniCann® in key European territories and the UK.
Sciensus Rare is an international pharmaceutical services company based in the Netherlands, specialising in the provision of rare disease medicines through decentralised clinical trials, medical early access programs and licensed distribution programs, with over 30-year of experience in providing health care services, and expanding medical access for products in Europe.
Under the terms of the distribution agreement, Sciensus Rare has been appointed the exclusive distributor of CannEpil® and CogniCann® in Denmark, France, Italy, Spain, Luxembourg, and the United Kingdom, some of the most advanced pharmaceutical markets in the world, for an initial 4- year term. After the initial 12 months of the agreement, Sciensus Rare will be subject to minimum purchase order requirements to maintain its exclusive distributor status. The Parties have agreed that MGC Pharma will continue to be responsible for seeking Market Authorisation in these territories, while Sciensus Rare will be responsible for applications to Early Access Programmes and