Lupin, MonoSol Rx sign pact for multiple pediatric products

New Delhi: Drug firm Lupin and US-based specialty pharmaceutical firm MonoSol Rx have signed a licensing agreement for multiple pediatric products.

Reuters

Reuters

Lupin Pharmaceutical Inc, the company's US subsidiary, and MonoSol Rx have entered into a licensing agreement wherein Lupin would develop multiple pediatric products utilising MonoSol Rx's PharmFilm drug delivery technology, Lupin said in a BSE filing.

Lupin Pharmaceuticals President Paul McGarty said: "Our alliance with MonoSol Rx will enable us to expand our family of pediatric products to help meet the needs of children for a variety of indications. We look forward to working with MonoSol Rx on the development of these products."

The agreement would be in line with focus on expanding into the specialty pharmaceutical market, and specifically pediatric needs such as attention-deficit/hyperactivity disorder (ADHD), Lupin said.

"We believe PharmFilm technology holds great promise for pediatric applications enabling increased compliance and adherence in a difficult to treat population," MonoSol Rx CEO Keith J Kendall said.

By partnering with Lupin, "we are taking a critical step forward in developing valuable and much-needed products," he added.

Shares of Lupin Ltd today closed at Rs 1,484.65 per scrip on BSE, down 0.44 percent from the previous close.


Updated Date: Oct 06, 2016 17:21 PM

Also Watch

Watch: The true stories from Dharavi that inspired Rajinikanth's Kaala
  • Thursday, March 8, 2018 Watch: Cyrus Khan talks about Parkour, jumping across walls and why he hates sitting
  • Thursday, May 31, 2018 Unwind: India's basketball sensation Amjyot Singh has his eyes set on becoming an NBA regular
  • Monday, May 28, 2018 First Day First Showsha — Review of Solo: A Star Wars Story in 10 questions
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See