Cipla EU invests Rs 1.3 billion in mRNA firm Ethris

The investment will facilitate a long-term strategic partnership between Cipla and Ethris for the development of messenger RNA (mRNA)-based therapies.

FPJ Web DeskUpdated: Friday, December 30, 2022, 10:54 AM IST
article-image
File/ Representative image

According to an exchange filing, Cipla Limited announced that its UK subsidiary, Cipla (EU) Limited has signed definitive agreements for equity investment of Rs 1.3 billion in Ethris GmbH, a global leader in delivering mRNAs directly to the respiratory system including administration by inhalation.

The investment will facilitate a long-term strategic partnership between Cipla and Ethris for the development of messenger RNA (mRNA)-based therapies and fast-track Cipla’s participation in the mRNA space, enabling it to provide access to cuttingedge solutions developed by Ethris for the developing countries. A collaboration agreement is signed concurrently with the definitive agreement, which paves a path to market Ethris’ innovative portfolio in Cipla’s key emerging markets.

The transaction is expected to get completed within 60 days from the date of signing of the agreement or such other time-period as may be mutually agreed between the parties in writing and shall be subject to completion of necessary regulatory formalities. Umang Vohra, Managing Director & Global Chief Executive Officer of Cipla, said: “This collaboration accelerates our innovation journey and enables us to provide access to cutting-edge healthcare solutions to our patients. We expect mRNA-based therapies to be one of the key innovation levers for Cipla.

This inhaled mRNA technology is a paradigm shift in the delivery mechanism and this partnership reinforces Cipla’s strength in respiratory therapy in line with our aspiration of attaining global lung leadership.” Dr. Carsten Rudolph, CEO of Ethris stated: “We value this strategic relationship with Cipla that will build on our pioneering mRNA technology and our joint focus on bringing innovative treatments for respiratory diseases to patients. The investment supports the further development of our pipeline and our objective to leverage the power of mRNA-based therapeutics to treat a broad range of diseases.”

(If you have a story in and around Mumbai, you have our ears, be a citizen journalist and send us your story here. )

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

BMC Budget on Feb 2: Health, infra and education to be in focus for fund allocation

BMC Budget on Feb 2: Health, infra and education to be in focus for fund allocation

Adani Group loses more than ₹5 lakh cr despite firefight against Hindenburg report

Adani Group loses more than ₹5 lakh cr despite firefight against Hindenburg report

Tech layoffs: CEO of US tech firm quotes Martin Luther King Jr in email firing people, gets trolled

Tech layoffs: CEO of US tech firm quotes Martin Luther King Jr in email firing people, gets trolled

Budget 2023: from NBFCs to smartphone and EV makers, here’s what key sectors expect from the...

Budget 2023: from NBFCs to smartphone and EV makers, here’s what key sectors expect from the...

Xiaomi's Ex-India head Manu Kumar Jain quits Chinese smartphone firm

Xiaomi's Ex-India head Manu Kumar Jain quits Chinese smartphone firm