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Business Alliances4586Medrx Co.,Ltd.Pharmaceuticals

Sales Partnership with Terrain for “Bondlido” in the United States and Launch Timing

The expected timing for entering into the U.S. sales license agreement for Bondlido with Terrain has been postponed from August 2026 to September 2026. The launch is still expected in the fourth quarter of 2026.

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Agreements reached under this partnership

Business Alliances
4586Medrx Co.,Ltd.
Alliance partnerTerrain Pharmaceuticals
Details of the alliance
  1. 1

    U.S. sales partnership for Bondlido

  2. 2

    Discussions on the detailed terms of the sales license agreement

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Numerical targets under the alliance

Sales volume expected over the next several years is projected to exceed the assumptions made when the term sheet was signed

About the partner
Business DescriptionA U.S. specialty pharmaceutical company with more than 10 years of experience developing and marketing topical pain relievers. Through a nationwide distribution network that includes independent retail pharmacies, specialty pharmacies and healthcare providers, it markets prescription and over-the-counter topical patches and semisolid formulations, including products based on lidocaine and NSAIDs.
LocationReno, Nevada, U.S.
Impact on Business Performance

The impact on the Company's results for the fiscal year ending December 2026 is expected to be minor

Contract DateMay 2026 (legally binding term sheet)
Agreements reached under this partnership
ItemDetails
Name of alliance partnerTerrain Pharmaceuticals
Alliance partner's business activitiesA U.S. specialty pharmaceutical company with more than 10 years of experience developing and marketing topical pain relievers. Through a nationwide distribution network that includes independent retail pharmacies, specialty pharmacies and healthcare providers, it markets prescription and over-the-counter topical patches and semisolid formulations, including products based on lidocaine and NSAIDs.
Alliance partner's locationReno, Nevada, U.S.
Type of allianceBusiness Alliances
Details of the allianceU.S. sales partnership for Bondlido, Discussions on the detailed terms of the sales license agreement
Numerical targets under the allianceSales volume expected over the next several years is projected to exceed the assumptions made when the term sheet was signed
Contract DateMay 2026 (legally binding term sheet)
Impact on Business PerformanceThe impact on the Company's results for the fiscal year ending December 2026 is expected to be minor
Items this document does not state (15)
Alliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodShareholding PolicyDate of board resolutionAlliance start dateShare Acquisition Date and Payment DateChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The sales volume expected over the next several years is now projected to exceed the assumptions made when the term sheet was signed, and additional time is required to review the sales strategy, supply plan and contractual terms.

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Sales Partnership with Terrain for “Bondlido” in the United States and Launch Timing | Medrx Co.,Ltd. (4586) timely disclosure | Komori