Grünenthal licenses exclusive South Korean rights to Qutenza® to BCWorld Pharm

Under the agreement, BCWP will be responsible for obtaining marketing authorisation for Qutenza^® in South Korea. Upon approval, the company will market and distribute the product. Grünenthal will receive an upfront payment in addition to regulatory and sales-related milestone payments.

“We are executing on a dedicated strategy to bring Qutenza^® into the Asia-Pacific region to facilitate greater access to non-opioid treatment options for people living with pain and expand the brand's global footprint,” says Jan Adams, Chief Commercial Officer (CCO) at Grünenthal. “With BCWP, we have a strong speciality care partner in South Korea, a major market in the Asia-Pacific region, and we are pleased to expand our existing partnership to further progress towards our vision of a World Free of Pain.”

“Expanding access to innovative, non-opioid treatment options for patients with neuropathic pain is central to our mission of ‘Commit to a Better Future for Patients’,” says Steve Hong, CEO of BCWorld Pharm. “Our partnership with Grünenthal enables us to introduce Qutenza^® to South Korea while further diversifying and strengthening our pain management portfolio.”

Grünenthal acquired the global rights to Qutenza^® in 2018 as part of its M&A-driven growth strategy. Since 2017, Grünenthal has closed successful acquisitions with a total expected deal value of more than €2.3 billion, diversifying its portfolio, enhancing its profitability, and driving business growth. Grünenthal continues to expand the footprint of the acquired brands and to create synergies throughout Grünenthal's infrastructure, including manufacturing, supply, logistics, and commercial activities.

About Qutenza^®

In Europe, Qutenza is indicated for the treatment of peripheral neuropathic pain in adults, either alone or in combination with other medicinal products for the treatment of pain. For further information, please visit www.grunenthalhealth.com.

Qutenza (capsaicin) 8% topical system is approved in the US for the treatment of neuropathic pain associated with postherpetic neuralgia and for the treatment of neuropathic pain associated with diabetic peripheral neuropathy (DPN) of the feet in adults. Important US safety information is available at www.qutenza.com.

 

About Grünenthal
Grünenthal is a global leader in pain management and related diseases. As a science-based, fully integrated pharmaceutical company, we have a long track record of bringing innovative treatments and state-of-the-art technologies to patients worldwide. Our purpose is to change lives for the better – and innovation is our passion. We focus all our activities and efforts on working towards our vision of a World Free of Pain.

Grünenthal is headquartered in Aachen, Germany, and has affiliates in 28 countries across Europe, Latin America, and the U.S. Our products are available in approx. 100 countries. In 2024, Grünenthal employed around 4,300 people and achieved revenues of €1.8 billion.

More information: www.grunenthal.com

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About BCWorldPharm

BCWorld Pharm Co., Ltd. is a KOSDAQ-listed South Korean specialty pharmaceutical company with a strong presence in the domestic pain market. The company is expanding its portfolio through global partnerships, including its recently expanded collaboration on Nucynta®. Under its Vision 2030 strategy, BCWorld Pharm aims to strengthen its leadership in specialty pain care in Korea and beyond.”

More information: www.bcwp.co.kr/eng/

Media Contacts
Grünenthal Maren Thurow Head Global Communication Phone: +44 7917 196855 Maren.Thurow@grunenthal.com	BCWorld Pharm Jin Ho Lee Manager, Strategic Planning Phone: +82 31 5178 3442 jinho.lee@bcwp.co.kr