Galena Biopharma, DRL in strategic partnership for NeuVax

US-based Galena Biopharma and Dr. Reddy's Laboratories Ltd have announced a strategic development and commercialisation partnership for former's NeuVax (nelipepimut-S) in India.

NeuVax is a peptide-based vaccine aimed at preventing or delaying the recurrence of breast cancer in cancer survivors who achieve remission after standard of care treatment.

According to a press release issued by Galena, the US drug-maker will licence commercial rights to Dr. Reddy's for NeuVax in breast and gastric cancers and the Indian drug maker will lead the development of NeuVax in gastric cancer, significantly expanding the potential addressable patient population.

Dr. Reddy's Chairman & CEO G V Prasad said the partnership accelerates the company's strong commitment to innovation and efforts to bring newer options for cancer patients.

"We are delighted with our partnership with Galena Biopharma and we believe NeuVax can be a good potential treatment option to prevent the recurrence of breast and gastric cancer," Prasad said.

Galena Biopharm President & CEO Mark J Ahn said the partnership with Dr. Reddy's is consistent with their strategy to expand the clinical utility of NeuVax in unmet medical needs while simultaneously increasing the commercial footprint of this innovative cancer immunotherapy.

"Dr. Reddy's is a leading pharmaceutical company in India with significant commercialisation and development expertise. The gastric cancer trial will add a significant indication to our pipeline for NeuVax, while doubling our potential patient population if approved," Ahn said.

Galena said it will receive development and sales milestones, as well as double-digit royalties on net sales.

According to reports, breast cancer is the most common diagnosed malignancy in women worldwide (22 per cent) and in India (18.5 per cent) it ranks second to cervical cancer.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • If the first 17 editions of Saarc were tragedies, Kathmandu was a sham

    Rarely has a regional grouping such as the South Asian Association of Regional Cooperation (Saarc) promised so much and delivered so little.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: Future in your hands

A common reference point as to why people believe the ...

Zehra Naqvi

Being unrealistic can be good for you

Depression is a term that most people use very casually ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture