Encore Dermatology gets rights to psoriasis drug DFD-06

23 August 2017

Indian drug major Dr Reddy’s Laboratories (BSE: 500124), through its wholly-owned US subsidiary Promius Pharma, has out-licensed the future development, manufacturing and commercialization rights of DFD-06, a topical high potency steroid, to Encore Dermatology.

The drug is intended to be used for treatment of moderate to severe plaque psoriasis. Privately-held Encore Dermatology was formed in 2014 as a vehicle for three ex-Valeant dermatological products.

Dr Reddy’s shares gained 2.67% by close of BSE trading on Tuesday at 1,984.85 rupees.

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