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Dr. Reddy's Laboratories enters into definitive agreement with Citius Pharmaceuticals

04 Sep 2021 Evaluate

Dr. Reddy's Laboratories has entered into a definitive agreement with Citius Pharmaceuticals, Inc. (Citius) pursuant to which it sold all of its rights to E7777 (an engineered IL-2-diphtheria toxin fusion protein) and certain related assets.

Under the terms of agreement, Dr. Reddy's will receive $40 million upfront upon the closing of the transaction, followed by approval milestone payment of up to $40 million related to the CTCL (cutaneous T-cell lymphoma) indication approval and up to $70 million for additional indication approvals. Further, Dr. Reddy's will receive certain sales-based milestones and tiered earn-out payments.

Dr. Reddy's Laboratories is a multinational pharmaceutical company based in Hyderabad, Telangana in India. It manufactures and markets a wide range of pharmaceuticals in India and overseas.


Dr. Reddys Labs. Share Price

1357.10 -19.20 (-1.40%)
30-Jun-2026 11:15 View Price Chart
Peers
Company Name CMP
Sun Pharma. Inds. 1880.80
Dr. Reddys Labs. 1357.10
Cipla 1463.40
Zydus Lifesciences 1114.80
Lupin 2412.60
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