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Dr Reddys’ laboratory sells Cloderm® Cream Franchise to EPI Health
Under subsidiary, Promius Pharma LLC, Dr Reddy’s Laboratory has sold its rights of Cloderm cream to EPI Health LLC.
“Cloderm Cream is a widely recognised brand among the dermatology community. “ said Ron Owens, President of EPI Health “adding this product to our portfolio will support our goal to becoming a leader in medical dermatology and build on our successful prescription branded franchise.”
Promius Pharma is eligible to receive an upfront payment under terms of the agreement.
“Cloderm is a brand that has been subscribed for decades and is an important treatment option for patients, said Anil Namboodiripad, Ph.D., Senior Vice President, Proprietary Products, and President, Promius Pharma “ we look forward to EPI’s continuing support of the brand.”
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