Dr Reddy
Godalming, UK-based Sinclair Pharma has licensed the exclusive US rights on its seborrheic dermatitis product Sebclair to the US unit of Indian drug major Dr Reddy's. The latter will market the product under a new brand name through its new dermatology division. The agreement grants Dr Reddy's exclusivity in the USA for Sebclair and associated line extensions for the life of the agent's patent protection. Under the terms of the deal, Sinclair will receive certain milestone payments as well as royalties on net sales. Further financial terms were not disclosed.
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