New Delhi:  Panacea Biotec has inked a pact with Rising Pharmaceuticals Inc to develop and market a ‘product’ in the American market.  The collaboration has been established for an oral controlled release product utilising Panacea’s platform of oral drug delivery technology, Panacea Biotec Ltd said in a statement.  Rising specialises in the sales, marketing and distribution of finished pharma products in the US market,  “Upon commercialisation of the product both companies shall share the profits at a pre-agreed ratio. The product under the collaboration currently has a market size of more than USD 300 million in the US,” it added.

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