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Alkem Laboratories Ltd
BSE Code 539523 ISIN Demat INE540L01014 Book Value (₹) 848.50 NSE Symbol ALKEM Div & Yield % 0.94 Market Cap ( Cr.) 63,571.51 P/E * 36.97 EPS * 143.82 Face Value (₹) 2
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Alkem signs co-development and license agreement for an anti-fungal drug Back
(25 Sep 2023)
Biosergen AB (Biosergen) and Alkem Laboratories (Alkem) announced the signing of a co-development and license agreement for BSG005, an innovative polyene macrolide, through phase II and phase III trials for sale in the Indian market.

Biosergen AB is developing BSG005 for the treatment of severe and difficult-to-treat invasive fungal diseases. After the successful completion of two phase I studies, the first patient trial will be conducted in India on patients with severe fungus disease who are intolerant or resistant to treatment with Amphotericin B. India is one of the countries with the highest incidence of difficult-to-treat lifethreatening fungal infection.

Alkem will manage the first clinical patient trial, which is expected to start immediately after the regulatory approval. The trial will enrol patients suffering from severe fungal infections such as mucormycosis (Black Fungus), aspergillosis, and candidiasis, who are intolerant or resistant to Amphotericin B. Based on the safety and efficacy profile demonstrated in the preclinical studies and the phase I trials, BSG005 may provide a suitable treatment option for these patients. Once the clinical trials are successfully completed in India, Biosergen and Alkem aim to expand its use for similar patient groups in the US and EU via pivotal trials.

Alkem will invest in the clinical development of BSG005 and will be granted an exclusive license to market it in India. Dr. Peder M Andersen, CEO of Biosergen, said, “Alkem has capabilities and a strong track record in drug development. They have been very responsive and fast in their evaluation and decision making.”