The Indian Institute of Technology Kanpur (IITK) has entered into a Memorandum of Agreement (MOA) with Laurus Labs (NSE: LAURUSLABS) to introduce gene therapy assets to the market.
This collaboration has been described as a ‘paradigm shift’ with regards to innovation and advancement in the field of bioengineering in India, as an unprecedented industry-first investment in a faculty research group.
According to the MOA, IIT Kanpur will transfer several gene therapy assets through in-licensing to Laurus Labs, which will provide a research grant to facilitate their progression through pre-clinical development.
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