Pharmaceutical company Allergan plc (NYSE:AGN) reported on Wednesday that it has submitted a Prior Approval Supplement (PAS) for RESTASIS (Cyclosporine Ophthalmic Emulsion) 0.05%, seeking approval of a Multi-Dose Preservative-Free (MDPF) presentation for Chronic Dry Eye disease.
Following approval, RESTASIS in the MDPF bottle will offer patients the same formula in a multi-dose system with patented uni-directional valve and air filter technology, revealed the company.
Where is the law and order in Mizoram?" asked Elvis Chorkhi, member of MDPF
"We are confident that AWG's track record and proven ability to work in a joint venture, will increase the interest in this MDPF vehicle not only to our existing partners, but also to many potential new partners in the field of commercial development.
Through the formation of a joint venture agreement, the MDPF initiative is able to provide 100pc financial backing to viable schemes.
The target would be a return of between 15 and 20 per cent to be split equally between the developer and MDPF
MDPF is derived from the residential scheme Morrison Residential Investments Limited (MRIL) pioneered by Morrison Developments' sister company, Morrison Homes.
The idea of MDPF is a simple one - any commercial property developer with an economically sound scheme can approach Morrison Developments, which then assesses the viability of the proposal.