LTR Pharma Limited (ASX:LTP) Secures National Distribution Agreement
Distribution Agreement
LTR Pharma Limited (ASX:LTP) has secured a partnership with Symbion Pty Ltd, a prominent pharmaceutical wholesaler in Australia, to facilitate nationwide distribution of its product, SPONTAN®. The agreement establishes LTR Pharma’s operational framework for effective warehouse management and distribution across a network serving over 3,900 pharmacies. The operational rollout is targeted for Q2 2025, emphasising significant milestones in the integration of inventory management and quality control systems.
Strategic Objectives
This partnership is designed to bolster LTR Pharma’s infrastructure, aligned with its objectives to support an early access scheme and prepare for a comprehensive commercial launch following regulatory approvals. The non-exclusive agreement will commence on 1 March 2025.
LTR Pharma’s Chairman, Lee Rodne, stated, “Partnering with Symbion is a pivotal step in building our commercial infrastructure. Symbion’s extensive distribution network will ensure seamless access to SPONTAN across Australia.” He further reiterated the company’s dedication to collaborating with industry leaders to maintain high standards of pharmaceutical handling and service delivery.
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