BRIEF-Almirall signs license deal with Sun Pharma for psoriasis treatment

Published 27-07-2016, 09:45 pm
© Reuters.  BRIEF-Almirall signs license deal with Sun Pharma for psoriasis treatment
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July 27 (Reuters) - Almirall SA ALM.MC :

* Says enters into a license agreement with Sun Pharma Industries SUN.NS for tildrakizumab in Europe for psoriasis

* Says to pay Sun Pharma an initial upfront payment of $50 million

* Says Sun Pharma will be eligible to get milestone payments, sales milestone payments and royalties on net sales

* Says phase-3 studies of tildrakizumab have recently been completed

Source text for Eikon: ID:nCNM4C7tkf , company coverage: ALM.MC

(Gdynia Newsroom)

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