ALKEM enters into an exclusive license agreement with Johns Hopkins University

Johns Hopkins University, on behalf of its School of Medicine (JHU) and Alkem Laboratories Limited (Alkem), one of India's largest global pharmaceutical companies, have entered into an exclusive license agreement for the development and commercialization of JHU's novel target and technology that will help patients with colorectal cancer. This technology, a novel target, will serve as a bona fide biomarker and antagonist in human colorectal cancer based on angiogenesis and inflammation.

According to Alkem's Managing Director, Mr. Sandeep Singh: "This collaboration is a stepping stone to a longterm symbiotic relationship between JHU and Alkem, to help bring novel therapies to market". Further, Alkem's President & Chief Medical Officer, Dr. Akhilesh Sharma stated: "We aspire that this will be a significant step in fostering continued academic and clinical collaboration between Alkem and JHU for addressing unmet patient needs." He further added that, Alkem will be working with the Director of the Sphingolipid Signaling and Vascular Biology Laboratory at the Johns Hopkins University School of Medicine on this novel target". Alkem acknowledges Mr. Jay Nadkami's role in the said collaboration.

Shares of Alkem Laboratories Limited was last trading in BSE at Rs. 3541.60 as compared to the previous close of Rs. 3415.90. The total number of shares traded during the day was 3900 in over 1137 trades.

The stock hit an intraday high of Rs. 3565.40 and intraday low of 3411.80. The net turnover during the day was Rs. 13609306.00.

Source : Equity Bulls

Keywords

AlkemLaboratories INE540L01014 SchoolofMedicine JHU JohnsHopkinsUniversity ColorectalCancer