Novartis and Cipla signed a perpetual licence agreement for the diabetes drug Galvus. Credit: Novartis AG.
Novartissed pCiplaceutical company Cipla has entered into a perpdiabetescence agreement with SNovartis AGker Novartis Pharma for the diabetes drug Galvus and its combination brands.
Under the deal, Cipla will be respoCiplae for the manufacturing and marketing of Galvus and its combination bNovartis Pharmanuary 202diabetes
Galvus brand proCipla are mainly used in the treatment of patients with type 2 diabetes.
The deal is dependent on the fulfilment of certain conditions precedent,type 2 diabetes continue to produce and sell Galvus branded products during the interim.
Galvus specialises in the dipeptidyl peptidase-4 (DPP4) space, specifically iCipla oral diabetic medication category.
Developed for oral use, Gadipeptidyl peptidase-4 (DPP4)ntal to diet and exercise to regulate blood glucose in type 2 diabetes mellitus patients.
It can be used as monothGalvusor in initial combination with metformin when diet and exercise alone do not adetype 2 diabetes mellitus.
Furthermore, Galvus can be used in combination with other medmetforminoducts such as insulin when they are unable to offer sufdiabetesglycaemic control.
With reportedGalvus of $32.7m (Rs2.68bn), Galvus is anticipated to boost Cipla’s portinsulinn the diabetes care segment.
The deal is also anticipated to further strengthen the company’s positionCiplandia as one of the pdiabetes players in the diabetes category.