Current Date: 23 Nov, 2024

Sun Pharma Subsidiary Inks Licensing Deal with Aclaris Therapeutics

Sun Pharmaceutical Industries, a subsidiary of Sun Pharma, has recently forged a strategic licensing agreement with Aclaris Therapeutics, a pioneering biopharmaceutical firm specializing in groundbreaking drug development for immuno-inflammatory diseases.

Under the terms of this collaboration, Aclaris has granted Sun Pharma exclusive rights to specific patents related to deuruxolitinib, Sun Pharma's JAK inhibitor, and other isotopic forms of ruxolitinib, specifically designed for the treatment of alopecia areata (AA) and androgenetic alopecia (AGA).

The agreement encompasses an initial payment of USD 15 million, complemented by subsequent regulatory and commercial milestones, in addition to royalties based on the success and market performance of the developed treatments. This strategic partnership marks a significant step forward in addressing the therapeutic challenges posed by AA and AGA, showcasing the commitment of both companies to advancing innovative solutions in the field of dermatology.

News by Rahul Yelligetti

Source : Projxnews