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Harrow Licenses Canadian Rights to Apotex For Five Branded Ophthalmic Pharmaceutical Products NASHVILLE, Tenn. and TORONTO, Ontario, Canada (

Key Takeaway: Harrow, Inc. has entered an exclusive out-licensing agreement with Apotex Inc. for five branded ophthalmic pharmaceutical products to be marketed in Canada. Apotex will handle the distribution of existing products VERKAZIA and Cationorm PLUS while seeking market approval for VEVYE, IHEEZO, and ZERVIATE. This partnership is aimed at enhancing the availability of innovative ophthalmic treatments for Canadian patients, aligning with Apotex's strategic expansion in the pharmaceutical market.

Market Sentiment Analysis

POSITIVE FACTORS

  • Harrow partnered with Apotex, enhancing access to five ophthalmic products in Canada.
  • The alliance will provide Canadian patients with innovative treatment options.
  • Apotex aims to expand its product offerings, contributing to its strategic growth.

Full Press Release Details

Licenses Canadian Rights to Apotex
For Five Branded Ophthalmic Pharmaceutical Products
Tenn. and TORONTO, Ontario, Canada (February 15, 2024) - Harrow, Inc. (Nasdaq: HROW), a leading U.S. eyecare pharmaceutical company,
and Apotex Inc. ("Apotex"), Canada's largest pharmaceutical company, today jointly announced an exclusive out-licensing
agreement under which Apotex will market and distribute VERKAZIA and over-the-counter (OTC) Cationorm
PLUS in the Canadian market, and concurrently, pursue market approval in Canada for VEVYE , IHEEZO , and
are pleased to enter the Canadian market through this partnership with Apotex, which has a proven track record of success serving Canadian
eyecare professionals and their patients," said Mark L. Baum, Chairman and Chief Executive Officer of Harrow. "This exclusive
agreement fulfills our commitment to access and availability of these five important ophthalmic pharmaceutical products, and we look
forward to working closely with our partners at Apotex over the coming years as they seek approval for VEVYE, IHEEZO and ZERVIATE in
the Canadian market."
are excited to partner with Harrow to provide access to an innovative branded line of ophthalmic products that complement our existing
portfolio," stated Allan Oberman, President and Chief Executive Officer of Apotex. "This alliance expands Apotex's
product offering in Canada to include innovative patented pharmaceutical medicines, aligned with our ongoing strategic focus to further
expand our innovative branded pharmaceutical therapeutic areas of focus in becoming a Canadian-based global health company."
these products strengthens our therapeutic line and provides Canadian patients with valuable new treatment options," adds Mike
Woolcock, Senior Vice President, Biosimilars & Specialty. "We look forward to collaborating with Harrow to expand this line
with VEVYE, IHEEZO, and ZERVIATE upon receiving market approval to improve the overall patient quality of life in this category."
the terms of the agreement, Apotex licensed exclusive rights and marketing authorizations of the following products in the Canadian market
for products, Apotex will pursue approval for in Canada:
Licenses Canadian Rights to Apotex For Five Branded Ophthalmic Pharmaceutical Products
Inc. is a Canadian-based global health company that produces high-quality, affordable and complex medicines for patients around the world,
with a strategic focus on becoming a Pan-Canadian Health Champion. Apotex has an integrated portfolio of generic and innovative branded
pharmaceutical products for global markets. Apotex employs almost 7,000 people worldwide in manufacturing, R&D, and commercial operations.
Apotex medicines are accessible to patients in more than 75 countries globally. Through vertical integration, Apotex is comprised of
multiple divisions and affiliates, including Apotex Inc., focused on generic and specialty innovative medicines in Canada and internationally,
Apotex Corp., an affiliate of Apotex Inc. which markets and sells products in the United States, and Apobiologix, a division of Apotex
Inc. focused on biosimilar development. For more information, visit: www.apotex.com
Inc. (Nasdaq: HROW) is a leading eyecare pharmaceutical company engaged in the discovery, development, and commercialization of innovative
ophthalmic pharmaceutical products for the U.S. market. Harrow helps U.S. eyecare professionals preserve the gift of sight by making
its comprehensive portfolio of prescription and non-prescription pharmaceutical products accessible and affordable to millions of Americans
each year. For more information about Harrow, please visit harrow.com.
press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act
of 1995. Any statements in this release that are not historical facts may be considered such "forward-looking statements."
Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties which may
cause results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties
that could cause actual results to differ from those predicted include, among others, risks related to: our ability to successfully implement
our business plan and commercialize our products in a timely manner or at all, obtain necessary approvals for products in Canada, recruit
and retain qualified personnel, manage any growth we may experience and successfully realize the benefits of the licensing arrangements;
physician interest in and market acceptance of our products; competition from other pharmaceutical companies; general economic and business
conditions, including inflation and supply chain challenges; and regulatory and legal risks and uncertainties related to our operations
and the pharmaceutical business in general. These and additional risks and uncertainties are more fully described in Harrow's filings
with the Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K and its Quarterly Reports
on Form 10-Q. Such documents may be read free of charge on the SEC's web site at sec.gov. Undue reliance should not be placed
on forward-looking statements, which speak only as of the date they are made. Except as required by law, Harrow undertakes no obligation
to update any forward-looking statements to reflect new information, events, or circumstances after the date they are made, or to reflect
the occurrence of unanticipated events.
Investors Media
Jamie Webb Deb Holliday
Director of Communications and Investor Relations Holliday Communications, Inc.
jwebb@harrowinc.com deb@hollidaycommunications.net
615-733-4737 412-877-4519
For Apotex:
Media
media@apotex.com

Frequently Asked Questions

What products has Harrow licensed to Apotex?

Harrow licensed VERKAZIA and OTC Cationorm PLUS to Apotex.

Which products will Apotex seek approval for in Canada?

Apotex will pursue approval for VEVYE, IHEEZO, and ZERVIATE.

What is the focus of Apotex's strategic expansion?

Apotex aims to expand its innovative branded pharmaceutical offerings.

How many people does Apotex employ worldwide?

Apotex employs nearly 7,000 people globally.

What is Harrow's primary business focus?

Harrow specializes in eyecare pharmaceutical product development and commercialization.

Last updated: Feb 15, 2024