Sun Pharma, Samsung BioLOgics Tie-Up To Manufacture Tildrakizumab

Sun Pharmaceutical Industries Ltd and Samsung BioLogics has entered into a strategic long-term manufacturing agreement for Tildrakizumab. The agreement was entered into by Sun Pharma’s wholly-owned subsidiary and Samsung BioLogics. The approximate value of the contract will be USD 55.5 million.

According to the agreement, Sun Pharma has appointed Samsung BioLogics to manufacture Tildrakizumab, an investigational IL-23p19 inhibitor being evaluated for the treatment of moderate to severe plaque psoriasis.

Filings for this novel investigational biologic has been accepted for review by the USFDA in May and the European Medicines Agency (EMA) in March 2017. Meanwhile, the stock opened in green, gaining 0.45% at Rs 554.95 per share on BSE on Monday’s trade.

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