Dear All,Time to get on board...QRXPHARMA ANNOUNCES MOXDUO®...

Dear All,

Time to get on board...

QRXPHARMA ANNOUNCES MOXDUO® LICENSE WITH ASPEN
Signs License Agreement for Australia, New Zealand and Oceania

Sydney, Australia and Bedminster, New Jersey – QRxPharma Limited (ASX: QRX and OTCQX: QRXPY) announced today execution of a licensing agreement with Aspen Pharma Pty Ltd, one of the Australian subsidiaries of Aspen Pharmacare Holdings Limited (JSE: APN), for the commercialisation rights to immediate release MOXDUO in Australia, New Zealand and Oceania. The agreement also provides an option to license the commercialisation rights to immediate release MOXDUO in South Africa. Aspen Pharmacare Holdings Limited is a South African multinational pharmaceutical company supplying branded and generic products in more than 150 countries. One in five prescriptions written in Australia is for an Aspen Group (“Aspen”) distributed product and its Australian business contributes revenues of nearly A$1 billion per annum to Aspen.

“We are delighted to announce our strategic collaboration with Aspen,” said Dr. John Holaday, Managing Director and Chief Executive Officer, QRxPharma. “Aspen’s strong marketing presence in Australia, combined with its extensive experience in the pain sector, will be a credit to the launch of MOXDUO in Australia.”

Under the licensing agreement, Aspen will receive the exclusive rights to commercialise immediate release MOXDUO in Australia, New Zealand, and other Oceania countries. Aspen will assume responsibility for the regulatory filings in each country, all product launch costs as well as ongoing marketing and sales efforts. QRxPharma will receive A$1,250,000 in regulatory approval milestones, together with double digit royalties on the sales of immediate release MOXDUO in all markets. QRxPharma retains all rights to the intravenous and controlled release formulations of MOXDUO in these territories.

Holaday added, “QRxPharma will work closely with Aspen with the aim of submitting a marketing authorisation application to Australia’s Therapeutic Goods Administration (TGA) in the coming months. The Australian filing will also benefit from extensive Study 022 data analyses that were undertaken following discussion with the US Food and Drug Administration.”

“Aspen is a leading player in the Australian pharmaceutical market,” said Mr. Greg Lan, Chief Executive Officer of Aspen Asia Pacific. “We look forward to providing Australian patients a safer acute-pain opioid alternative with MOXDUO.”