- Scilex Holding Company SCLX, a majority-owned subsidiary of Sorrento Therapeutics, Inc SRNEQ, has entered a master distributor agreement with AD Ports Logistics (ADPL).
- ADPL is a subsidiary of the Logistics Cluster, AD Ports Group, a global facilitator of trade, logistics and industry based in Abu Dhabi.
- The master distributor agreement covers the distribution of ZTlido in the UAE, Qatar, Bahrain, Kuwait, Oman, and Egypt.
- ZTlido is a lidocaine topical system approved for relieving neuropathic pain associated with post-herpetic neuralgia (PHN).
- CH Trading Group LLC will continue the process to expand the commercialization of ZTlido in the Middle East and North Africa markets.
- Price Action: SCLX shares are trading higher by 5.87% at $14.25 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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