Dr. Reddy’s signs biosimilar deal with Henlius

7 February 2025

Dr Reddy’s Laboratories (NYSE: RDY) has signed a licensing deal with Shanghai Henlius Biotech (2696. HK) to develop and commercialize HLX15, a biosimilar of Johnson & Johnson’s (NYSE: JNJ) Darzalex (daratumumab) for multiple myeloma.

Under the agreement, Dr Reddy’s gains exclusive rights to market both intravenous and subcutaneous formulations of HLX15 in the USA and Europe.

Henlius will oversee development, manufacturing, and supply while receiving up to $132 million, including an upfront payment of $33 million and milestone payments. The company will also receive royalties on net sales.

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