
Dr Reddy’s Laboratories Ltd announced that its wholly owned subsidiary Dr Reddy’s Laboratories SA has entered into a strategic collaboration and exclusive licensing pact with Immutep SAS to develop and commercialise Eftilagimod Alfa (efti) across multiple global markets.
At around 3.07 PM, Dr Reddy’s was trading 0.85% lower at ₹1,264.40 per piece, against the previous close of ₹1,275.20 on NSE. The counter touched an intraday high and low of ₹1,279, and ₹1,263.70, respectively.
As part of the deal, Dr Reddy’s will get exclusive rights to efti in all countries outside North America, Europe, Japan and Greater China. On the other hand, Immutep will receive an upfront payment of $20 Million and is eligible for regulatory and commercial milestone payments of up to $349.5 Million, in addition to double-digit royalties on sales.
Efti is currently being tested in a Phase III trial for first-line treatment of advanced or metastatic non-small cell lung cancer. Further, it is also under investigation in symptoms of head and neck cancer, breast cancer and soft tissue sarcoma.
Immutep will keep the global manufacturing rights for the therapy and will be responsible for supply of the product to Dr Reddy’s in licensed markets. The company has retained its rights in the US, Europe and Japan.
For feedback and suggestions, write to us at editorial@iiflcapital.com
Related Tags

IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016, BSE Enlistment Number (RA): 5016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor), PFRDA Reg. No. PoP 20092018

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.