bullish
Icure Pharm (175250 KS): High Hope for Transdermal Patch-Type Dementia Treatment Option
464 Views20 Nov 2021 23:53
SUMMARY
- Icure Pharm Inc (175250 KS) obtained marketing approval for world’s first donepezil patch, a treatment of Alzheimer’s-type dementia in Korea. Donepezil accounts for 80% of the local Alzheimer's treatment market.
- For the domestic market, donepezil is expected to generate revenue of KRW 3.4 billion, equivalent to nearly 10% of existing annual revenue, with significantly higher profitability.
- The company is currently negotiating for sales right contract in the U.S. and aims to launch the product by 2024 in the U.S.
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Tina Banerjee
Global Healthcare Analyst
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