INSUBCONTINENT EXCLUSIVE:
Representative Image: Sun Pharma will be responsible for commercialisation activities
Photo: Pexels2 min read Last Updated : Oct 01 2024 | 11:57 AM IST
Sun Pharmaceutical Industries on Tuesday said it has inked a global
licensing pact with Italian-Swiss firm Philogen for an anti-cancer drug.
As per the agreement, Sun Pharma will have the exclusive
worldwide rights to commercialise Fibromun, a speciality product of Philogen.Click here to connect with us on WhatsApp
Fibromun, an
innovative anti-cancer immunotherapy, is being investigated in registration trials by Philogen for the treatment of soft tissue sarcoma and
glioblastoma.
As per the pact, Philogen will complete the ongoing pivotal clinical trials for the product, pursue marketing authorisation
responsible for commercialisation activities, it added.
The two partner companies will share post-commercialisation economics in about
45(Philogen):55(Sun Pharma) ratio, Sun Pharma said.
The company did not disclose other financial terms
"Fibromun's progress through development has been quite encouraging and it has potential to be an important option for treatment of
soft-tissue sarcomas and other cancers with significant unmet medical needs," Sun Pharma Chairman and MD Dilip Shanghvi said.
The
partnership expands company's clinical pipeline into oncology in alignment with current portfolio in skin cancers, he added.
"We keenly
look forward to providing this treatment option globally in due course of time," Shanghvi stated.
Philogen CEO and CSO Dario Neri said the
collaboration will focus on the global commercialisation of Fibromun, a new immunotherapy that has the potential to serve patients with soft
tissue sarcoma and certain malignant forms of brain tumours (e.g., glioblastoma), for which limited therapeutic alternatives exist.
"Our
group has published data reflecting the promising therapeutic activity of Fibromun in glioblastoma, inducing long-lasting anti-tumour
responses in a subset of patients," he said.
Last year, the two companies announced an exclusive, distribution, license, and supply
agreement for commercialising the specialty product Nidlegy in Europe, Australia and New Zealand.(Only the headline and picture of this
report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First
Published: Oct 01 2024 | 11:57 AMIST
