Meiji and Dong-A ST Enter into an Exclusive License Agreement with Intas to Commercialize DMB-3115, a Proposed Biosimilar to Ustekinumab
Meiji Seika Pharma Co., Ltd. (Headquarters: Tokyo, President and Representative Director: Daikichiro Kobayashi, hereinafter ?Meiji?) and Dong-A ST Co., Ltd. (Headquarters: Seoul, South Korea, Chairman and CEO: Daesik Eom, hereinafter ?Dong-A ST?) have entered into an exclusive license agreement with Intas Pharmaceuticals Ltd. (Headquarters: Ahmedabad, India, Vice Chairman: Binish Chudgar, hereinafter ?Intas?) regarding DMB-3115 (development code), a proposed biosimilar to ustekinumab.
Under the terms of the agreement, Intas has been granted exclusive license rights to commercialize DMB-3115 worldwide, excluding Japan, South Korea and certain Asian countries. Meiji and Dong-A ST will develop, manufacture and supply DMB-3115 to Intas and its worldwide affiliates. In consideration of the license granted to Intas, Meiji and Dong-A ST will receive an upfront payment and are also eligible to receive developmental and sales milestones as well as profit share payments from Intas.
Meiji and Dong-A Socio Holdings, a parent company of Dong-A ST, entered into a strategic collaboration partnership agreement on biosimilar programs in September, 2011, and are currently co-developing DMB-3115, which is a proposed biosimilar to ustekinumab, a recombinant monoclonal antibody for the treatment of autoimmune diseases such as plaque psoriasis, Crohn?s disease and ulcerative colitis. The Phase III multi-regional clinical trial of DMB-3115 is being conducted in patients with plaque psoriasis in Europe and the United States.
Intas is a leader in development and commercialization of biosimilar products. It achieved an industry-first by being the first Indian company to launch a biosimilar product in the EU. In collaboration with Dong-A and Intas, Meiji aims to deliver DMB-3115 promptly to patients suffering from psoriasis and inflammatory bowel diseases and contribute to improvements in medical care and public health.
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