Pharmaceuticals,Pharmaceuticals sector projects by Orchid Chemicals & Pharmaceuticals Limited in
Project Information
4803
Orchid Chemicals & Pharmaceuticals Limited
Orchid Chemicals & Pharmaceuticals Has Entered Into A Strategic Partnership With Europe-Based Venture Capital Funded Allecra Therapeutics To Develop Novel Antibiotics To Combat Multi-Drug Resistant Bacterial Infections. Orchid Has Assigned To Allecra IP (Intellectual Property) Related To An Antibiotic Discovery Program Which Will Then Be Pursued Through Further Trials By Allecra. According To Agreement Orchid Will Also Be Paid An Upfront Sum And Is Eligible To Receive Further Royalties And Exit Bonuses Based On Allecra’s Progress. Orchid’s Chairman & Managing Director K Raghavendra Rao Said, "This Strategic Partnership With Allecra Is Yet Another Demonstration Of How We Can Create Value By Harnessing The Relative Strengths Of Each Company. Orchid Chemicals & Pharmaceuticals Limited Is An Indian Pharmaceutical Company
Project Value
Refer document
Pre Project Activities Underway
Not Specified
India
Pharmaceuticals,Pharmaceuticals
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