Dr. Reddy's signs non-exclusive patent licensing agreement with Takeda to commercialise Vonoprazan

Dr. Reddy's Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY; along with its subsidiaries together referred to as "Dr. Reddy's"), today announced that it has entered into a non-exclusive patent licensing agreement with Takeda Pharmaceutical Company Limited ("Takeda") to commercialise Vonoprazan tablets in India. Vonoprazan is a novel, orally active potassium competitive acid blocker (PCAB), used to treat reflux esophagitis and other acid peptic disorders. Dr. Reddy's will market Vonoprazan tablets under its own trademark VONO™ to be available in two strengths, 10mg and 20mg.

Acid Peptic Disorders (APD), which include Gastroesophageal Reflux Disease (GERD) and Peptic Ulcer Disease (PUD), are very common in India. A pan-Indian cross-sectional survey of clinicians showed APD prevalence to be in the range of 37-39%. It is more common in the 18-59 age group, with heart burn and epigastric pain as common symptoms.

M.V. Ramana, CEO - Branded Markets (India & Emerging Markets), Dr. Reddy's, said, "For over three decades, patients and healthcare professionals have trusted our products in the gastrointestinal segment including well-known brands such as Omez®, Razo™ and others. Leveraging our expertise in this therapy area, we are pleased to make the first-in-class drug Vonoprazan (Vono™) available to patients in India. The non-exclusive patent licensing agreement with Takeda is part of our continuous efforts to make innovative medicines available to patients in India through strategic collaborations to meet unmet needs and enhance standard of care."

Shares of Dr. Reddy's Laboratories Limited was last trading in BSE at Rs. 6665.10 as compared to the previous close of Rs. 6643.15. The total number of shares traded during the day was 6206 in over 1585 trades.

The stock hit an intraday high of Rs. 6719.95 and intraday low of 6592.40. The net turnover during the day was Rs. 41230340.00.

Source : Equity Bulls

Keywords

DrReddysLaboratories INE089A01023 RDY NonExclusive PatentLicensingAgreement Takeda Vonoprazan Tablets India