Advicenne announced it has entered (signed) an exclusive distribution partnership with SPA Società Prodotti Antibiotici (“SPA”), for the marketing of Sibnayal® (a fixed dose combination of potassium citrate and potassium bicarbonate) in Italy, Spain and Portugal. Under the terms of the agreement, SPA is granted exclusive marketing rights to Sibnayal® in its current approved indication and potential new indications, in territories covering the South of Europe. SPA will be responsible for conducting pricing and reimbursement negotiations with local legal bodies, as well as marketing and commercial activities.

Advicenne remains the Marketing Authorization Holder (MAH) of Sibnayal®. In return, Advicenne will receive the proceeds from the sale of Sibnayal® in the form of a transfer price and royalties for a combined amount significantly greater than 50% of future sales. In addition to its already signed contracts, Advicenne deals with a strong local partner and continues to expand access to Sibnayal® as broadly as possible.

Advicenne now covers commercially the following countries, either directly, or through partnerships: France, Great Britain, Italy, Spain, Portugal, Benelux, CEE, Nordics, Baltics, and the MENA region, which will significantly improve patient access and sales in the course of 2023.