Bioventus received approval to market Durolane for hip and knee osteoarthritis in Brazil and selected Pfizer as its exclusive distribution partner.
Here are three things to know:
1. The Agência Nacional de Vigilância Sanitária granted Bioventus approval to market the single-injection joint-fluid treatment for mild to moderate hip and knee osteoarthritis.
2. Pfizer has more than 100 sales representatives throughout Brazil. The company will offer Durolane as part of its arthritis pain management portfolio.
3. According to Bioventus' CEO Tony Bihl, Brazil is the largest Latin American market for osteoarthritis pain solutions.