Allergy Therapeutics has terminated its agreement with Lincoln Medical for the distribution rights of Anapen in a number of countries, following a recall of the drug in the UK.
The pharmaceutical company said Lincoln Medical undertook a voluntary recall of all unexpired units of Apapen, an adrenaline for injection, as a precautionary measure.
It followed a potential problem with delivery time and volume of the dosage of the drug.
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Allergy Therapeutics has decided to terminate its agreement with Lincoln Medical after careful consideration.
Manuel Llobet, Chief Executive Officer, said: "The board has decided that terminating the arrangement with Lincoln Medical is in the best interests of the company. Although disappointing to lose a product line, the Anapen contract did deliver a net positive return to the company.
"Diversification into other geographies and product in-licensing opportunities continue to be explored in line with the group's strategy for growth."
Anapen is an autoinjector of epinephrine commonly used by people with severe allergies and a risk of anaphylactic shock because they can be self-administered and are fast-acting.
RD
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