Dr. Reddy’s, XenoPort Agreement on Psoriasis Therapy
Dr. Reddy’s Laboratories and XenoPort have entered into a license agreement that grants Dr. Reddy’s exclusive U.S. rights for developing and commercializing XenoPort’s clinical-stage oral new chemical entity XP23829 for treating moderate-to-severe chronic plaque psoriasis. The therapy is also being considered for treating patients with relapsing forms of multiple sclerosis.
Under the terms of the agreement, XenoPort will receive a $47.5 million up-front payment and an additional $2.5 million for transfer of certain clinical trial materials to Dr. Reddy’s. XenoPort will also be eligible to receive up to $190 million if certain regulatory milestones are met and up to $250 million upon the achievement of certain commercial milestones.
XP23829 is considered a novel fumaric acid ester, according to the companies. Fumaric acid esters possess a “unique anti-inflammatory mechanism of action and have been used to treat psoriasis in Germany for over 20 years,” they say.