 "Sun Pharma")
Sun Pharmaceutical Industries on Wednesday announced US Food and Drug Administration approval for psoriasis drug Ilumya, its first biologic drug in the market.
The market for psoriasis drugs in US is over $ 6 billion and the approval allows the drugmaker to expand its portfolio in dermatology space. Biologic drugs are made from living cells.
In 2014, Sun Pharma acquired rights for the drug (molecule name Tildrakizumab) for all its indications from US drugmaker Merck & Co on upfront payment of $ 80 million. The phase-3 trials and submission of an application to US drug regulator were done by Merck.
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