Nycomed grants Baxter International Inc. (NYSE: BAX) exclusive rights to market and distribute Nycomed’s TachoSil® patch in the United States. The agreement is part of Nycomed’s strategy to seek marketing and commercialisation partnerships for the US market instead of operating its own sales force.
Nycomed is a pharmaceutical company that provides medicines for hospitals, specialists and general practitioners, as well as over-the-counter medicines in selected markets. The company is active within a range of therapeutic areas, including cardiology, gastroenterology, osteoporosis, respiratory, pain and tissue management. New products are sourced both from own research and from external partners. Operating throughout Europe and in fast-growing markets such as Latin America, Russia/CIS and the Asia-Pacific region Nycomed has a presence in about 50 markets worldwide. Privately owned, the combined group had annual sales of approximately € 3.4 billion and an EBITDA of € 933.4 million (2006 results).