Karo Bio and Alkem Labs collaborate to develop eprotirome
Sweden’s Karo Bio AB (STO KARO) and Indian drugmaker Alkem Laboratories have entered into a collaboration and license agreement regarding eprotirome, which is currently in late-stage clinical testing for dyslipidemia.
Under the agreement, Alkem will receive the exclusive rights to commercialize eprotirome in India and certain other markets in Asia-Pacific and Africa. Karo Bio is entitled to royalty on Alkem’s future sales of eprotirome.
Alkem will conduct a pivotal clinical Phase III trial in order to obtain marketing approval of eprotirome in India. This study will comprise up to 500 patients with primary hyperlipidemia with a high risk for cardiovascular disease, mainly patients with previous cardiovascular events.
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