As per the terms of the agreement, Watson is expected to manufacture and supply select products to Moksha8, which will have exclusive rights to market, sell and distribute these products in Brazil and Mexico.
While, Watson will continue to own all marketing authorisations, Moksha8 will be responsible for sales, marketing and commercialisation expenses.
Watson president and CEO Paul Bisaro said that the agreement, which provides Watson with an initial equity position, enables them to help fund Moksha8’s expansion and to share in their continued success.
Moksha8 CEO Simba Gill said that the addition of Watson to their current business expands their existing portfolio and pipeline of products for the Latin America market.