Sun Pharma to market Pharmazz' Tyvalzi in India
Leading Indian drugmaker Sun Pharmaceutical Industries (BSE: 524715) has entered into a license agreement with US privately-held biopharma Pharmazz to commercialize a first-in-class innovative drug, Tyvalzi (sovateltide) in India, indicated for treating cerebral ischemic stroke.
Pharmazz will be entitled to an undisclosed upfront and milestone payments, including royalties.
Pharmazz already has one drug approved in India, its Lyfaquin (centhaquine), a first-in-class drug, to manage patients with hypovolemic shock. Sovateltide is also being investigated in Alzheimer’s disease and spinal cord injury.
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