Dr. Reddy’s Gains Oncology Asset In Eisai Spring Cleaning

In an apparent push to shed assets it considers non-core before the end of its fiscal year, Eisai is transferring most of its global rights to an oncology product to Dr. Reddy's, in the process bolstering the Indian firm's novel cancer pipeline and strategic interest in the dermatology space.

TOKYO - Despite oncology being one of its main areas of therapeutic focus along with neurology, Japan's Eisai Co. Ltd. has agreed to transfer most worldwide rights to its pipeline molecule E7777 (denileukin diftitox) to Dr. Reddy's Laboratories Ltd. (DRL).

In a deal Eisai said aims to "accelerate development and maximize value", the Indian firm has gained exclusive global development and marketing rights to the fusion protein outside Japan and Asia, for specific financial terms that were undisclosed but that include milestone payments for marketing

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