Sanofi Continues Search For Novel Compounds In Asia, Inking Deal With India's Glenmark For Phase I Biologic

MUMBAI - Continuing with its strategy to aggressively pursue in-licensing of novel R&D from Asia, French drug maker Sanofi signed a deal with India's Glenmark Pharmaceuticals Ltd. for the development and commercialization of GBR 500 - a novel monoclonal antibody for the treatment of Crohn's disease and other inflammatory conditions. The present market size for Crohn's disease is $2-3 billion, executives at Glenmark said, terming the first ever deal for a biological candidate from India as "landmark.