Antares Pharma and Lunatus Enter Into an Exclusive Distribution Agreement for XYOSTED in Saudi Arabia and the United Arab Emirates

EWING, N.J., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Antares Pharma, Inc. (NASDAQ: ATRS), a pharmaceutical technology company, today announced they have entered into an exclusive distribution agreement with Lunatus Global Medical Supplies (“Lunatus”) to distribute and promote the sale of  XYOSTED in Saudi Arabia and the United Arab Emirates (“UAE”). 

Under the agreement, Antares will be responsible for the supply of fully packaged product to Lunatus and Lunatus will be responsible for submitting and obtaining regulatory approval for XYOSTED in Saudi Arabia and the UAE as well as marketing, promotion and distribution of XYOSTED in these two countries.

“We believe today’s announcement represents the first step in creating increased brand awareness for XYOSTED in the rest of the world, and look forward to working with our partner Lunatus in that endeavour.  XYOSTED is currently the fastest growing branded testosterone replacement therapy in the U.S.,” said Robert F. Apple, President and Chief Executive Officer of the Company.”  He continued, “Current treatment options in these two countries include a painful hospital administered testosterone injection given every three months or a topical gel.  Alternatively, XYOSTED would be an attractive new treatment option for physicians and patients given its unique product profile featuring a virtually painless, once-weekly, at-home subcutaneous self-injection.  Lunatus, a Dubai based company, has a proven track record of introducing, building and maintaining profitable brands in the Arabian Gulf and Middle East regions.  We believe this agreement will help lay the groundwork for expanding our global footprint for XYOSTED and represents the first of potentially multiple international distribution agreements.”

“We are excited to bring XYOSTED to Saudi Arabia and the UAE.  XYOSTED is a U.S. FDA approved treatment option for adult men diagnosed with testosterone deficiency,” said Dr. Lina Kouatly, President and Chief Executive Officer of Lunatus.  “Assuming regulatory approval in these two countries, we believe our partnership can achieve significant share and expand the market using this novel treatment approach.”  

About Antares Pharma

Antares Pharma, Inc. is a pharmaceutical technology company focused primarily on the development and commercialization of self-administered injectable pharmaceutical products using advanced drug delivery auto injector technology.  The Company has a portfolio of proprietary and partnered commercial products with several product candidates in various stages of development, as well as significant strategic alliances with industry leading pharmaceutical companies including Teva Pharmaceutical Industries, Ltd. (Teva), AMAG Pharmaceuticals, Inc. (AMAG), Pfizer Inc. (Pfizer) and Idorsia Pharmaceuticals Ltd. (Idorsia).  Antares Pharma’s proprietary products include XYOSTED (testosterone enanthate) injection, OTREXUP (methotrexate) injection for subcutaneous use and Sumatriptan Injection USP, which is distributed by Teva.