China, Feb. 7 -- based Luye Pharma Group has entered into an agreement with South Korea's Myung In Pharm, granting the latter the exclusive rights to commercialise Rivastigmine Twice Weekly Transdermal Patch in South Korea. Developed by Luye Pharma, this drug is used to treat mild to moderate dementia associated with Alzheimer's disease (AD).

Rivastigmine is a first-line treatment for mild to moderate AD. The Rivastigmine Twice Weekly Transdermal Patch employs an innovative drug delivery system for rivastigmine, it is administered transdermally twice a week.

Compared with the daily-use rivastigmine patches currently available in the marketplace, these patches are used less frequently, and therefore are able to increase patient complianc...