News

The contraceptive pill - a lucrative business

The Belgian company specialising in women's health, Mithra, has just signed a contract with the Hungarian company Gédeon Richter to market Estelle, its combined oral contraceptive, in Europe and Russia.

The partner" will have to pay an advance totalling 35 million Euros on signing the contract" followed by additional payments "of up to 20 million Euros" depending" on the regulatory steps to be concluded in relation to the product". Royalties will be added to this over time, depending on sales. However, Mithra has secured its income as the Hungarian group is"obliged to sell a minimum amount each year". For its part, Gédeon Richter can count on a turnover "of almost 3 billion over 20 years".

Source: http://www.genethique.org/en/contraceptive-pill-lucrative-business-70450.html