Oakrum Pharma and Biophore Announce Product Development and Commercialization Partnership

Oakrum Pharma, LLC (Oakrum) announced today that it has entered into an agreement with Biophore India Pharmaceuticals Pvt. Ltd. (Biophore) to develop and manufacture two prescription generic pharmaceutical products that are intended to be commercialized in the U.S. under the Oakrum label.  It is anticipated that both products will be sold through the specialty distribution market channel. The total market for the products in the U.S. exceeded $150 million in aggregate sales for the 12-month period ending December 31, 2018according to Bloomberg® data. Marco Polizzi, CEO of Oakrum, stated, "The partnership with Biophore will provide a vertically integrated solution to our growing product development pipeline.  Oakrum's vision to focus on underserved patient populations is in direct alignment with that of Biophore's.  Biophore provides unique API and finished dosage form product development capabilities which are expected to further contribute to Oakrum's objective of bringing more affordable specialty and rare disease prescription products to market."

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