Xbrane Biopharma, a commercial phase Swedish biopharmaceutical company specialized in biosimilars and long acting injectables, has delivered its first batch of Spherotide to its partner in the Middle East to a value of €0.7 million.
Xbrane said that it expects shipment of at least two additional batches of similar size to its partner in the Middle East during 2017.
“We are working closely with our partner ahead of local launch of the product and we are very excited to see how the product is received in the local market.” says Martin Åmark, Xbranes CEO.
Spherotide is a depot formulation drug with the active substance triptorelin and is used primarily in the treatment of prostate cancer, endometriosis and uterine fibroids. The drug is based on encapsulation of the active ingredient in biodegradable microspheres that degrade in the body after injection and create a long acting effect, explained the company.