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Connect Yorkshire member PAXMAN announces that the company has received a first order from its license partner Teva Pharmaceutical Industries Ltd for 17 scalp cooling systems to Mexico. The systems are to be installed at five cancer centres of three of which will install systems in Mexico City.

The order marks a strong start for PAXMAN’s launch in Mexico since the market approval in April of 2018. At the same time, it is completely in line with the substantial interest that the company has received from both cancer centres and patients in Mexico.

“There are a number of renowned cancer centres in Mexico that want to start using scalp cooling, and it is inspiring that we will now be able to offer their patients a better quality of life during chemotherapy treatment. I also want to highlight our beneficial collaboration with Teva, that has made it possible to launch in Mexico in a fast and efficient manner,” says PAXMAN’s CEO Richard Paxman.

“It is exciting that we will now install the first scalp cooling systems from PAXMAN here in Mexico, and we expect the demand to rise as these installations show good results. This product is a valuable addition to our oncology portfolio, and we have already received positive feedback from both clinicians and patients for bringing it to Mexico,” says Guillermo Ibarra, General Manager of Teva Mexico.

As announced in January 2018, PAXMAN has signed an exclusive license agreement regarding the Mexican market with the global pharmaceutical company Teva Pharmaceutical Industries Ltd. Teva is established in the oncology treatment field in several international markets and is thus considered an excellent partner that will assist in increasing PAXMAN’s global expansion rate. If the market launch in Mexico is successful, the partners intend to expand the collaboration to additional markets.

For PAXMAN, the license agreement with Teva will generate ongoing revenues based on every cold cap or treatment sold and is thus similar to its successful business model in the USA.