Dr Reddy's inks licensing pact with Takeda to sell gastrointestinal drug
New Delhi: Dr Reddy's Laboratories, a Hyderabad-based firm, and Takeda Pharmaceutical entered a non-exclusive licensing pact to market 10mg and 20mg Vonoprazan tablets, a PCAB for reflux esophagitis and acid peptic disorders, in India. CEO MV Rama...
The company has entered into a non-exclusive patent licensing agreement with Takeda for the commercialisation of the product, the Hyderabad-based drug firm said in a statement.
Dr Reddy's said it will market Vonoprazan tablets under its own trademark Vono in strength of 10mg and 20mg, it added.
"The non-exclusive patent licensing agreement with Takeda is part of our continuous efforts to make innovative medicines available to patients in India through strategic collaborations to meet unmet needs and enhance standard of care," Dr Reddy's CEO - Branded Markets (India & Emerging Markets) MV Ramana stated.
Shares of Dr Reddy's ended 0.33 per cent higher at Rs 6,665.10 apiece on the BSE.
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