Dr Reddy’s Sells North American Rights For Celecoxib Oral Solution
As Company Partners With BioDelivery Sciences For Elyxyb
• By Akriti Seth
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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.
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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