Breaking News, Collaborations & Alliances

BMS, Reckitt in OTC Pact

BMS to market several OTC medicines in Latin America

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Bristol-Myers Squibb has entered into a three-year collaboration agreement with Reckitt Benckiser Group for several of its OTC medicines currently sold in Latin America, primarily in Mexico and Brazil.   Bristol-Myers Squibb will receive an upfront payment of $438 million for the exclusive rights to sell, distribute and market the products for a three-year period. They include: Picot, an antacid, Tempra, a pain reliever and fever reducer, Micostatin, an antifungal, Graneodin, a cough and cold me...

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