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SPARC broadens rights R&D funding amid unpredictability

 
• By Anju Ghangurde

Sun Pharma Advanced Research Company (SPARC) has proposed revised plans to deploy the balance of Rs965.87 million ($17.9 million) remaining from a rights issue, including for clinical trials of "equally promising" products such as its lead steroid for allergic rhinitis S0597 and a latanoprost plus timolol ophthalmic combination.

Sun Pharma Advanced Research Company (SPARC) has proposed revised plans to deploy the balance of Rs965.87 million ($17.9 million) remaining from a rights issue, including for clinical trials of "equally promising" products such as its lead steroid for allergic rhinitis S0597 and a latanoprost plus timolol ophthalmic combination.

SPARC, which is the listed spin-off R&D arm of Sun Pharma of India, had earlier earmarked about Rs1.02 billion (to...

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