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Aclaris Therapeutics Announces Patent License Agreement with Sun Pharma for Alopecia
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Aclaris Therapeutics, a clinical-stage biopharmaceutical company (NASDAQ: ACRS), has entered into an exclusive patent license agreement with Sun Pharmaceutical Industries, granting Sun Pharma exclusive rights to use deuruxolitinib to treat alopecia areata and androgenetic alopecia. The agreement includes an upfront payment of $15 million, regulatory and commercial milestones, and royalties.
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WAYNE, Pa., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Aclaris Therapeutics, Inc. (NASDAQ: ACRS), a clinical-stage biopharmaceutical company focused on developing novel drugs for immuno-inflammatory diseases, today announced an exclusive patent license agreement with Sun Pharmaceutical Industries, Inc. (Sun Pharma).
Under the license agreement, Aclaris granted Sun Pharma exclusive rights under certain patents for the use of deuruxolitinib, Sun Pharma’s JAK inhibitor, or other isotopic forms of ruxolitinib, to treat alopecia areata (AA) or androgenetic alopecia (AGA). The agreement includes an upfront payment of $15 million, regulatory and commercial milestones, and royalties. Aclaris exclusively licenses the patents from a third party, and has separate contractual obligations under which it owes a portion of the consideration received from Sun Pharma.
“We are pleased to announce this patent license agreement with Sun Pharma, which represents our second out-license for this patent portfolio,” stated James Loerop, Chief Business Officer of Aclaris.
About Aclaris Therapeutics, Inc.
Aclaris Therapeutics, Inc. is a clinical-stage biopharmaceutical company developing a pipeline of novel drug candidates to address the needs of patients with immuno-inflammatory diseases who lack satisfactory treatment options. The company has a multi-stage portfolio of drug candidates powered by a robust R&D engine exploring protein kinase regulation. For additional information, please visit www.aclaristx.com.
Aclaris Therapeutics Contact:
Robert A. Doody Jr. Senior Vice President, Investor Relations 484-639-7235 rdoody@aclaristx.com
FAQ
What is the latest announcement from Aclaris Therapeutics, Inc. (ACRS)?
Aclaris Therapeutics, Inc. has announced an exclusive patent license agreement with Sun Pharmaceutical Industries, granting Sun Pharma exclusive rights to use deuruxolitinib to treat alopecia areata and androgenetic alopecia.
What is the ticker symbol for Aclaris Therapeutics, Inc.?
The ticker symbol for Aclaris Therapeutics, Inc. is ACRS.
What is the focus of Aclaris Therapeutics, Inc.?
Aclaris Therapeutics, Inc. is focused on developing novel drugs for immuno-inflammatory diseases.
What is the upfront payment amount in the patent license agreement with Sun Pharma?
The patent license agreement includes an upfront payment of $15 million.
Who is the Chief Business Officer of Aclaris Therapeutics, Inc.?
James Loerop is the Chief Business Officer of Aclaris Therapeutics, Inc.
aclaris therapeutics, inc. is a dermatologist-led biopharmaceutical company committed to identifying, developing and commercializing innovative therapies to address significant unmet needs in dermatology, both medical and aesthetic, and immunology. aclaris is focused on market segments with no fda-approved medications or where treatment gaps exist. aclaris was founded by dermatologists and is led by a team with extensive experience in developing and commercializing dermatologic treatments.
