Dr Reddy's Labs unit inks drug discovery, development pact with EQRx

Written by Ruchika Sharma Published On 2022-07-05T11:31:55+05:30 | Updated On 5 July 2022 11:32 AM IST

Dr Reddys Labs unit inks drug discovery, development pact with EQRx

The parties would share both fundings for the discovery and development of the programmes and financials resulting from the commercialisation of any eventual drug candidates, Aurigene stated.

New Delhi: Aurigene Discovery Technologies, a unit of Dr. Reddy's Laboratories, on Monday said it has inked a drug discovery, development, and commercialisation partnership with US-based EQRx. The collaboration combines Aurigene's small molecule drug discovery platform and EQRx's business model to accelerate the development of drug candidates in the areas of oncology and immune-inflammatory diseases and improve global access to innovative medicines.

Under the terms of the collaboration agreement, Aurigene and EQRx will collaborate on drug discovery, pre-clinical and clinical development, and commercialisation, Aurigene Discovery Technologies said in a statement.

Aurigene will lead drug discovery and pre-clinical development efforts, and EQRx will assume responsibility for clinical development, manufacturing, regulatory, and commercialisation efforts, it added.

The parties would share both fundings for the discovery and development of the programmes and financials resulting from the commercialisation of any eventual drug candidates, the company stated.

"This agreement with EQRx further validates Aurigene's proven expertise in the discovery and preclinical development of novel therapeutics and moves Aurigene forward into building a global oncology franchise participating in the end-to-end value chain," Aurigene CEO Murali Ramachandra said.

Read also: JB Chemicals acquires 4 pediatric brands from Dr Reddys

EQRx's Carlos Garcia noted that combined efforts will be made towards some of the most high-impact therapeutic targets across oncology and immune- inflammatory diseases.

"Given our mission, we believe these future programmes hold the potential to create important treatments for patients and drive meaningful savings for healthcare systems around the world," he added.

Aurigene is a clinical-stage biotech company based in Bangalore and Kuala Lumpur. Aurigene specializes in cancer and inflammatory disorders. Aurigene has fully integrated Drug Discovery & Development infrastructure from Hit Generation to Clinical Development.

Aurigene Discovery Technologiesdr reddys labsdr reddys labs newsEQRxoncology

Source : with inputs

Ruchika Sharma

Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751