Indian generic drugs major Dr Reddy’s Laboratories (BSE: 500124) and Aurigene Pharmaceutical Services Limited (APSL), a contract research, development and manufacturing services organization and fully owned stepdown subsidiary of Dr Reddy's, announced a Memorandum of Understanding (MoU) with the Drugs for Neglected Diseases initiative (DNDi), a not-for-profit research and development body that develops new therapeutic solutions for neglected diseases and the DNDi India Foundation.
The parties will explore a potential collaboration to develop and market novel and improved drugs for the treatment of identified neglected tropical diseases (NTDs) of national and global importance. They will also seek to work towards ensuring access of those drugs at affordable prices to patients in need particularly in low and middle-income countries (LMICs) that are disproportionately affected by these NTDs.
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