Aurobindo unit, Evive Biotech ink licensing pact to commercialise CIN treatment product in US
The licensing pact has been inked between Evive and Acrotech Biopharma (Acrotech), a New Jersey-based and wholly-owned subsidiary of Aurobindo Pharma USA Inc
Aurobindo Pharma yesterday said its unit has entered into a licensing pact with Evive Biotech to commercialise Ryzneuta in the US market.
The product, a novel dimeric G-CSF long-acting fusion protein without pegylation, is currently under late-stage review by the US Food and Drug Administration (FDA) for Chemotherapy-Induced Neutropenia (CIN).
In addition to the US health regulator, Evive’s Marketing Authorisation Application (MAA), and New Drug Application (NDA) for Ryzneuta are currently under review by the European and Chinese regulators.
The licensing pact has been inked between Evive and Acrotech Biopharma (Acrotech), a New Jersey-based and wholly-owned subsidiary of Aurobindo Pharma USA Inc, Aurobindo Pharma said in a statement.
As part of the agreement, Evive will be responsible for the ongoing development, manufacturing, registration and supply of Ryzneuta, while Acrotech will use its sales and commercialisation capabilities to market and distribute the product in the US, it added.
“Ryzneuta provides Acrotech the opportunity to expand its offerings to oncology patients and is aligned with our vision of commercialising scientifically advanced products. Additionally, expanding into CIN creates future growth opportunities for us,” Ashish Anvekar, President, Acrotech Biopharma, said.
Simon Li, CEO, Evive, said despite the current options, CIN remains a significant clinical condition for most cancer patients, creating the need for more potent and convenient treatment.
“Acrotech has proven and strong capacity to commercialise proprietary medications, we look forward to partnering with them for bringing this novel medicine to more cancer patients with CIN in the US,” he added.
Edits by EP News Bureau