Daewoong Strikes New Deal For Botox Rival

After a past deal with Evolus to sell the product in the U.S. and Europe, Daewoong is searching for other markets in Asia and Latin America for its Botox competitor, and has just linked up with Turkey's Seltek.

SEOUL – South Korea’s Daewoong Pharmaceutical Co. Ltd. has signed a licensing deal with Seltek for the approval and commercialization in Turkey of Nabota (botulinum toxin), a drug administered via injection to improve the frown lines by weakening or paralyzing certain muscles or nerves.

Noting that the current market for botulinum toxin in Turkey is rising more than 24% each year, Daewoong, a major...

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