Dr. Reddy's Laboratories Ltd. (RDY) announced that it has agreed with Citius Pharmaceuticals, Inc. to sell all of its rights to E7777, an engineered IL-2-diphtheria toxin fusion protein, and certain related assets.
Under deal terms, Dr. Reddy's said it will get $40 million upfront upon the closing of the transaction, followed by approval milestone payment of up to $40 million related to the CTCL or cutaneous T-cell lymphoma indication approval and up to $70 million for additional indication approvals.
Further, Dr. Reddy's stated that it will receive certain sales-based milestones and tiered earn-out payments.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.