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    • Cipla signs over Rs...

    Cipla signs over Rs 152 crore pact with Pulmatrix for new asthma drug Pulmazole

    GarimaWritten by Garima Published On 2019-04-02T09:45:10+05:30  |  Updated On 2021-08-16T11:10:36+05:30

    The agreement has been signed between the company's wholly-owned subsidiary in the US, Cipla Technologies LLC with Pulmatrix Inc for investment in phase 2 ready Pulmazole (inhaled itraconazole).


    New Delhi: Domestic pharma major Cipla Monday said it has signed a binding agreement with Pulmatrix Inc for co-development and licensing opportunity for a new drug under development for upfront consideration of USD 22 million.


    The agreement has been signed between the company's wholly-owned subsidiary in the US, Cipla Technologies LLC with Pulmatrix Inc for investment in phase 2 ready Pulmazole (inhaled itraconazole).


    Read Also: Cipla gets 8 USFDA observations for Kurkumbh plant


    Pulmazole is an inhaled anti-fungal formulation of itraconazole aimed at treating allergic bronchopulmonary aspergillosis (ABPA) in asthma patients.


    The company said, "Entry into a definitive agreement is contingent upon Pulmatrix raising additional funds from the market".

    Read Also: Government must have compulsive licensing for essential drugs : Chairman, Cipla


    Upon signing the definitive agreement, the co-development cost towards development and the total free cash flow in relation to the commercialisation of Pulmazole will be further shared by both the parties in a phased manner, it added.

    ABPA allergic bronchopulmonary aspergillosis asthma asthma drug binding agreement Cipla Cipla Technologies LLC pharma major Cipla Pulmatrix Inc Pulmazol pulmazole Pulmazole inhaled itraconazole treating US USD 
    Source : PTI

    Disclaimer: This site is primarily intended for healthcare professionals. Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement or prescription. Use of this site is subject to our terms of use, privacy policy, advertisement policy. © 2020 Minerva Medical Treatment Pvt Ltd

    Garima
    Garima

      Garima joined Medical Dialogues in the year 2017 and is currently working as a Senior Editor. She looks after all the Healthcare news pertaining to Medico-legal cases, MCI/DCI decisions, Medical Education issues, government policies as well as all the news and updates concerning Medical and Dental Colleges in India. She is a graduate from Delhi University. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751 To know about our editorial team click here

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