The synergies derived from this alliance will substantially reduce Glenmark’s investment in innovative research
Glenmark Pharmaceuticals and Ichnos Sciences has announced the launch of their alliance – Ichnos Glenmark Innovation (IGI) to accelerate new drug discovery in cancer treatment.
This alliance combines Glenmark’s research and development proficiencies in small molecules with those of Ichnos in novel biologics to continue developing cutting-edge therapy solutions that treat hematological malignancies and solid tumors.
The newly formed IGI features a robust pipeline of three innovative oncology molecules targeting multiple myeloma, acute myeloid leukemia and solid tumors currently undergoing clinical trials. Two of these molecules have received orphan drug designation from the U.S. FDA. Additionally IGI has two autoimmune disease assets that have been out licensed to leading companies.
IGI will leverage the capabilities of its three global centers of innovation. These comprise the Ichnos’ headquarters in New York City, NY, USA, which is focused on clinical development; the biologics research center in Lausanne, Switzerland, and Glenmark’s small molecule research center at Mahape in Mumbai, India.