Merck, Sun in licence pact for skin drug

MUMBAI (TIP): US-based Merck and Sun Pharma have entered into an exclusive worldwide licensing agreement for Merck’s dermatology molecule, tildrakizumab, which is under phase 3 registration trials. Tildrakizumab is being developed for the treatment of chronic plaque psoriasis, a skin ailment. Under the agreement, Sun Pharma will acquire worldwide rights to tildrakizumab from Merck for an upfront payment of $80 million. Merck will continue all clinical development and regulatory activities, which will be funded by Sun Pharma. Upon approval, Sun Pharma will be responsible for regulatory activities, including subsequent submissions, pharmacovigilance, post approval studies, manufacturing and commercialization of the product.

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Seven top IITs will get a free hand to fix fee...

NEW DELHI (TIP): Seven top Indian Institutes of Technology (IITs) will be allowed to fix their own fee structure without consulting the apex council...
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