Dr Reddy’s Sells North American Rights For Celecoxib Oral Solution

As Company Partners With BioDelivery Sciences For Elyxyb

India’s Dr Reddy’s has sold the US and Canadian rights to its 25mg/ml Elyxyb (celecoxib) oral solution to US-based BioDelivery Sciences International, for an upfront payment of $6m, followed by $9m within one year from closing the deal.

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Dr Reddy’s sells US and Canadian rights to its 25mg/ml Elyxyb celecoxib oral solution • Source: Alamy

Dr. Reddy's Laboratories Ltd. has announced the sale of the US and Canadian rights to its value-added 25mg/ml Elyxyb (celecoxib) oral solution to BioDelivery Sciences International, a US based biotechnology company.

Dr Reddy’s said that it was entering into a definitive asset purchase agreement, under which the Indian company will receive...

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