Positive impactCompany
Sun Pharma inks global licensing deal with LIB Therapeutics for bad cholesterol treatment drug
CNBC-TV18 1 hr ago·28 Sept 2026, 3:42 am
Sun Pharma has entered into a global licensing agreement with LIB Therapeutics to develop a treatment for high bad cholesterol. Under the terms of the deal, LIB will receive an upfront payment and future milestone payments, along with royalties based on the drug's net sales in the licensed territories. This strategic partnership allows Sun Pharma to expand its portfolio of cardiovascular therapies while leveraging LIB's expertise in this specific area.
For investors, this move signals Sun Pharma's continued focus on innovation and growth in the specialty pharmaceutical space. The agreement provides an immediate financial benefit through the upfront payment and potential future earnings from royalties. However, the long-term success of the drug will depend on its clinical development and eventual market reception. Investors should monitor the progress of the drug's development and any updates regarding regulatory approvals.
Excerpt from CNBC-TV18
LIB will receive an upfront and future milestone payments, together with royalties based on net sales in the licensed territories, Sun Pharma said in its filing. An exclusive licensing agreement granting Sun Pharma rights to comemrcialisation and manufacture lerodalcibep worldwide, excluding the US and China. Lryokaul…Read the original at CNBC-TV18
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