Pieris, Stelis ink anticalin development pact
Completing its second Indian deal this quarter, Pieris AG entered a pact with Stelis Biopharma Pvt. Ltd., a subsidiary of Bangalore-based Strides Arcolab Ltd., to develop two anticalin-based protein drugs, primarily for ophthalmology indications. Financial terms were not disclosed, but the deal has a similar structure to the partnership it entered in October with Zydus Cadila Ltd., of Ahmedabad.
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