Bal Pharma has entered into collaboration with Akaal Pharma, Melbourne, Australia whereby both companies have launched a Joint Venture Company (JVC) - AB VET Pharma. The new joint venture will be completely funded by Bal Pharma to develop Akaal Pharma’s IP within the veterinary field.
The first veterinary indication will be against atopic dermatitis (AD) in dogs. Akaal’s ABV-119 is the first of its kind oral drug candidate for the treatment of AD in dogs. ABV-119 is a multimodal therapy that includes anti-inflammatory/ immune modulatory and anti-itch effects. AB VET plans to begin clinical development in H1 2018.
Bal Pharma is one of the leading Indian pharmaceutical companies that focuses on prescription drugs, generic, OTC products, intravenous infusion and bulk actives.
