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Home » DR. REDDY'S ANNOUNCES INDIA'S FIRST MAJOR DRUG CO-DEVELOPMENT AND COMMERCIALIZATION DEAL
DR. REDDY'S ANNOUNCES INDIA'S FIRST MAJOR DRUG CO-DEVELOPMENT AND COMMERCIALIZATION DEAL
Dr. Reddy's Laboratories (NYSE: RDY) announced today that the Company has entered into a co-development and commercialization agreement with Denmark based Rheoscience A/S for the joint development and commercialization of balaglitazone (DRF 2593), a partial PPAR-gamma agonist, for the treatment of type 2 diabetes. Under the terms of the agreement, Rheoscience shall fund all the costs associated with the Phase III clinical trials of DRF 2593 and Dr. Reddy's shall pay Rheoscience a pre-determined amount towards its share of the development costs.
Genetic Engineering News (http://www.genengnews.com/news/bnitem.aspx?name=1067674XSL_NEWSML_TO_NEWSML_WEB.xml)
KEYWORDS Daily International Pharma Alert
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21Oct