Grünenthal licenses exclusive Canadian rights to testosterone replacement therapy Nebido^® to Apotex

Aachen, Germany & Toronto, Canada, 5 February 2026 – Grünenthal, a global leader in pain management and related diseases, and Apotex Inc. ("Apotex"), the largest Canadian-based pharmaceutical company, today announced they have entered into a licensing agreement whereby Apotex will have the exclusive Canadian rights to Nebido^® (testosterone undecanoate), a long-acting injectable therapy indicated for the treatment of male hypogonadism (testosterone deficiency).¹

Under the agreement, Searchlight Pharma, Apotex's branded medicine division, will pursue marketing authorisation for Nebido^® and will market and distribute the product in Canada upon regulatory approval. Grünenthal will receive an upfront payment, regulatory milestone payments, and a margin on the sales.

This agreement deepens the existing partnership between Grünenthal and Apotex and strengthens their shared commitment to expanding Canadian patients' access to important therapies.

"We are delighted to expand our partnership with Apotex and further strengthen the global presence of the brand," says Jan Adams, Chief Commercial Officer (CCO) at Grünenthal. "Through this agreement, we are providing a valuable and well-established brand that can benefit countless people living with testosterone deficiency in Canada."

"This marks an important step in Apotex's mission to broaden access to innovative medicines and advance our purpose as a Force for Health," says Mark Nawacki, President, Searchlight Pharma. "Nebido^® addresses a recognised need in men's health and represents our first entry into testosterone therapy — opening a meaningful new therapeutic area for Apotex while strengthening our branded portfolio and expanding our presence in specialty care."

Grünenthal acquired the global rights for the brand in 2022 as part of its growth strategy. Since 2017, the company has invested over €2 billion in successful mergers and acquisitions (M&A) transactions, diversifying its portfolio, enhancing its profitability, and driving business growth. Grünenthal continues to expand the footprint of these brands and to create synergies throughout Grünenthal's infrastructure, including manufacturing, supply, logistics, and commercial activities.

About Apotex and Searchlight Pharma
Apotex is a Canadian-based global health company. We improve everyday access to affordable, innovative medicines and health products for millions of people around the world, with a broad portfolio of generic, biosimilar, and innovative branded pharmaceuticals, and consumer health products. Headquartered in Toronto, with regional offices globally, including in the United States, Mexico, and India, we are the largest Canadian-based pharmaceutical company and a health partner of choice for the Americas for pharmaceutical licensing and product acquisitions.

Searchlight Pharma, the branded medicine division of Apotex, executes best-in-class search, acquisition, and focused development of innovative and unique specialty healthcare products, with a core of its promoted products focused on women's health, dermatology, allergy, pain management and hospital specialty markets.

Learn more about us at www.apotex.com and at www.searchlightpharma.com.

References