Radius Pharmaceuticals Announces Licensing Agreement With Pharmanovia To Register And Commercialize Abaloparatide In China And Select Asia Pacific Territories

Radius Pharmaceuticals, Inc., a wholly owned subsidiary of Radius Health, Inc. ("Radius" or the "Company"), a specialty biopharmaceutical company focused on bone health and related areas, announced today it has granted Pharmanovia the exclusive commercialization rights to abaloparatide, a novel bone forming agent indicated for the treatment of osteoporosis in postmenopausal women and men at increased risk of fractures. The licensing agreement covers markets in the Asia Pacific region, specifically China, Singapore, Thailand, Indonesia, Vietnam, Taiwan, Hong Kong, Malaysia, Macau and the Philippines. Abaloparatide is marketed in the U.S. by Radius under the tradename TYMLOS.

"We are very pleased to enter into a partnership with Pharmanovia with the goal of making abaloparatide available to patients in additional global markets," said Scott Briggs, Chief Executive Officer of Radius. "This collaboration partners two companies that share a commitment to improving the lives of patients with osteoporosis. With Pharmanovia's expertise in osteoporosis and their proven track record of success in these territories, we can look forward to significantly expanding abaloparatide access to patients in need of osteoporosis treatment options."

"We are thrilled to expand our portfolio and bring to the Asia Pacific region such an important and innovative osteoporosis treatment," said James Burt, Chief Executive Officer of Pharmanovia. "This deal recognizes the strength of our commercial model in APAC, and China in particular, where we have one of the leading osteoporosis commercial platforms."

Under the terms of the Licensing Agreement, Radius would be eligible to receive an upfront payment as well as regulatory and commercial milestones plus tiered royalties on net sales.