Sun Pharma enters licensing agreement with CSIR-IICT

Sun Pharma enters licensing agreement with CSIR-IICT

7:20 AM, 14th August 2019
Sun Pharma logo

MUMBAI, INDIA: Sun Pharmaceutical Industries Ltd has entered into a global licensing agreement with the CSIR Indian Institute of Chemical Technology, Hyderabad (CSIR-IICT). The agreement is for patents related to certain compounds with potential therapeutic activity across multiple indications in Sun Pharma’s specialty focus areas.

Under the terms of the license agreement, Sun Pharma gets exclusive global license for the said patents and any other future patents covered in the agreement.  Sun Pharma will be responsible for development, regulatory filings, manufacturing and commercialization of these potential products.

“This collaboration with CSIR-IICT for developing new drugs is part of our broader strategy for enhancing our global specialty pipeline. CSIR-IICT is well-known for its high-quality research and we are proud to be associated with them. We are making earnest efforts to bring innovations from Indian research institutes to the market to address the unmet needs of patients globally. Our collaboration with CSIR-IICT is a step in this direction,” said Dilip Shanghvi, Managing Director, Sun Pharma.

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