Dr Reddy's, Alvotech join hands to develop biosimilar for cancer treatment
Dr Reddy's Laboratories
on Thursday said it has joined hands with global biotech firm
Alvotech
to co-develop and commercialise a biosimilar
product
for treating multiple types of cancer.
The Hyderabad-based drug major has entered into a collaboration and license agreement to co-develop, manufacture and commercialize a
biosimilar
candidate to
Keytruda
(pembrolizumab) for global markets, Dr Reddy's Laboratories said in a statement.
Keytruda (pembrolizumab) is indicated for the treatment of numerous cancer types.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Con la ayuda de la IA y los CFDs, una inversión puede convertirse en tu ingreso adicional.
Trade AI
Undo
In 2024, worldwide sales of Keytruda were USD 29.5 billion.
The collaboration combines Dr Reddy's and Alvotech's proven capabilities in biosimilars thereby speeding up the development process and extending the global reach for this biosimilar candidate, the company noted.
Live Events
Under the terms of the agreement, the parties will be jointly responsible for developing and manufacturing the biosimilar candidate and sharing costs and responsibilities, it stated.
Subject to certain exceptions, each party will have the right to commercialize the product globally, it added.
"Oncology has been a top focus therapy area for us and this collaboration will further enhance our capabilities in oncology, as pembrolizumab currently represents one of the most critical therapies in
immuno-oncology
," Dr Reddy's CEO Erez Israeli said.
Alvotech chairman and CEO
Robert Wessman
said the agreement demonstrates Alvotech's ability to leverage its dedicated R&D and manufacturing platform for biosimilars, accelerating the expansion of its pipeline by pursuing growing global markets.
"It further enables us to increase the availability of cost-effective, critical biologic medications to patients world-wide," he added.
Dr Reddy's shares were trading 3.49 per cent up at Rs 1,295.80 apiece on
BSE
.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
24 minutes ago
- Time of India
'I don't want to live anymore': Pune techie dies by suicide from 21st floor, leaves heartbreaking note
Pune techie dies by suicide from 21st floor, leaves heartbreaking note In a deeply distressing incident that has sent shockwaves through Pune's bustling IT hub of Hinjawadi, a 25-year-old software professional named Abhilasha Bhausaheb Kothimbhire died by suicide after jumping from the 21st floor of a high-rise residential building. The event took place on May 31, 2025, and an Accidental Death Report (ADR) was registered on June 4, according to officials from the Pimpri Chinchwad Police Station. The tragedy is not only a personal loss to her loved ones but also raises urgent questions about the mental health challenges faced by young professionals in India's tech industry. Abhilasha left behind a heartbreaking suicide note, stating, 'I'm done living. I don't want to live anymore,' and apologized to her parents and friends for the decision she had made. Her story is a grim reminder that behind the gleaming campuses and lucrative salaries of India's booming IT sector, thousands of young employees silently battle immense psychological stress, burnout, and isolation. Tragedy in Pune: Techie ends life with chilling note According to police reports and preliminary investigations, on May 31, at around 4:30 a.m., Abhilasha Kothimbhire arrived at the Crown Green Society in Pune's Hinjawadi area. She proceeded to visit a friend who lived on the 21st floor of the building and jumper from there. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eat 1 Teaspoon Every Night, See What Happens A Week Later [Video] getfittoday Undo A suicide note was recovered by the police, wherein she expressed her emotional exhaustion and apologized to those close to her. An Accidental Death Report (ADR) was filed by Pimpri Chinchwad police on June 5, officially documenting the circumstances surrounding her death. Social media reaction: A wave of grief and concern Abhilasha's death sparked a wave of reaction on X (formerly Twitter), with the hashtag #RIPAbhilasha and #MentalHealthMatters trending in Pune and Mumbai. Several users posted about the need for redefining hustle culture, sharing their own experiences with burnout and suicidal thoughts. 'A 25-year-old with a future ahead ended it all because she couldn't take it anymore. Shame on our toxic work culture,' wrote one user. 'RIP Abhilasha. We need to start talking more openly about mental health in tech ,' posted another. Also read | Elon Musk swears by this '5-minute rule' and it could guarantee your success too
Time of India
26 minutes ago
- Time of India
Musk vs Trump: Is Musk taking a step closer to mending broken relationship with Trump? Here is a full list of tweets deleted by Tesla CEO after feud
US President Donald Trump and Tesla CEO Elon Musk Is Musk taking a step closer to ending the feud with Trump because Tesla CEO's latest move seems to be hinting in that direction? James Fishback, principal architect of the "DOGE checks" initiative, who had called out Musk for his tweets against Donald Trump , hailed Tesla CEO after he deleted all the posts against the US President. He pointed out Musk's deleted posts and said that now to take another step and apologies to President Trump. "Elon has deleted his slanderous tweets about the President of the United States. Good first step. Next up: full-throated apology to Trump and his family," he said. It all started with Fishback, replying to Musk's tweet over think about making another party" American party. "Elon, Keep tweeting about your 'new political party' and Japanese fertility rates all you want. You owe President Trump a full-throated apology, and every hour you delay, it'll make an eventual apology less sincere. You can substantively disagree with the President on policy, but you should not have baselessly and personally attacked him. " Fishback said. Responding to Fishback, Musk posted several tweets but after a short brief, those tweets were deleted from the account. His response to some tweets are still existing but the riginal tweets has been deleted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo Not only those but all his previous tweets, targeting the president, has been deleted including the Epstein files. It seems that Musk may be seeing different ways to mends and go back from their broken ties. The political rift became public earlier this week when Musk slammed one of Trump's most touted legislative efforts, referred to by the president as his 'big, beautiful bill', calling it a 'disgusting abomination.' The remark surprised Republican leaders and got a rare serious reaction from President Trump. 'Elon and I had a great relationship. I don't know if we will anymore,' Trump said from the Oval Office. He didn't stop there. Taking direct aim at Musk's businesses, the president said: 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts.' Musk, in return, accused Trump of 'ingratitude' and escalated the standoff by reposting claims, without evidence, suggesting Trump's name appeared in government documents linked to Jeffrey Epstein.
Time of India
27 minutes ago
- Time of India
Amazon freezes retail hiring budget for 2025 amid job cuts
Amazon is freezing its hiring budget for its retail business this year, according to a report by Business Insider. As per the report, an internal email revealed that the Seattle-based retailer plans to keep "flat headcount opex," or operating expense, this year compared to last. These costs include employee salaries and stock-based compensation. An Amazon executive shared earlier this year that any rise in the hiring budget will face close scrutiny and require strong justifications. The retail business is shifting its focus from headcount targets to managing teams based on fixed operating budgets. Amazon's retail division covers a wide range of operations, including its online store, logistics network, and fresh grocery service. These changes affect only corporate staff in Amazon's retail division, not warehouse workers or those in Amazon Web Services, the company's cloud division. An Amazon spokesperson told Business Insider that the company will continue hiring, and a freeze on increasing the hiring budget doesn't mean recruitment is stopping. "Each of Amazon's many businesses has its own approach to hiring based on its individual needs," said Hoffman. "However, across the company, we've historically considered both the number of people we need to hire and the associated costs — that is, operating expenses or opex — of those hiring decisions." This report immediately follows the job cut announcement in Amazon's books division, including at Goodreads and Kindle units. The company stated that fewer than 100 employees were impacted, and that the aim was to boost efficiency and streamline operations. The news aligns with CEO Andy Jassy's ongoing focus on improving profit margins and operational efficiency. He is also working to cut down on what he describes as excessive bureaucracy within the company, including reducing the number of managerial roles. Last month, Amazon also laid off workers in its devices and services division. However, it is to be noted that, despite these reductions, the company added approximately 4,000 jobs in the first quarter of this year compared to the same period last year.
