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Sun Builds On Tildrakizumab Hopes With Almirall Pact

 
• By Anju Ghangurde

Sun Pharma has struck a licensing deal with Almirall for its late-stage psoriasis asset tildrakizumab, building on its recent clinical advancement and raising hopes of significant upsides for the Indian firm. The IL-23p19 inhibitor also adds to Almirall's broad derma portfolio amid the Spanish firm's acquisitive interest in the space.

European countries

Sun Pharmaceutical Industries Ltd. said late July 27 that it had entered into a licensing pact with Almirall SA on the development and commercialization of tildrakizumab for psoriasis in Europe. Sun had previously acquired worldwide rights to the antibody from Merck & Co. Inc.

The Almirall SA deal entails an initial upfront payment of $50m to Sun; the Indian firm is also eligible to...

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