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Dr Reddy's Laboratories inks licensing pact with Slayback Pharma

The company has inked a licensing pact with the New Jersey-based drug firm to acquire rights in Brimonidine Tartrate Ophthalmic Solution 0.025 per cent.

July 30, 2022 / 03:13 PM IST

Dr Reddy’s Laboratories on July 30 said it has entered into a pact with US-based Slayback Pharma to acquire rights of a medication to relieve redness of the eyes.

The company has inked a licensing pact with the New Jersey-based drug firm to acquire rights in Brimonidine Tartrate Ophthalmic Solution 0.025 per cent, the Hyderabad-based firm said in a statement.

The company’s product is equivalent to Lumify, an over-the-counter (OTC) eyedrop, that can be used to relieve redness of the eye due to minor eye irritations. The agreement also provides Dr Reddy’s exclusive rights to the product outside the US, Dr Reddy’s Laboratories said.

As per industry estimates, the value of the total addressable market for this product in the US is around USD 130 million for the 52 weeks ending June 12, 2022.
PTI
first published: Jul 30, 2022 03:13 pm
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