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Ransom gets UK marketing approval for Alateris knee osteoarthritis treatment

June 18, 2007

LONDON (Thomson Financial)

William Ransom & Son PLC said it has received UK marketing approval from the Medicines and Healthcare products Regulatory Agency for Alateris, the knee osteoarthritis treatment based on Navamedic ASA's Glucomed/Flexove product.

In March, the natural healthcare company signed a ten-year deal with Navamedic, a Norwegian pharmaceutical company, to market and distribute the glucosamine product for the prescription market.

The company said the approval permits Alateris to be promoted as an effective relief of symptoms in mild to moderate osteoarthritis of the knee.

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