SPARC licenses Elepsia XR (Levetiracetam ER tablets) to Sun Pharma

NetIndian News Network

Mumbai, July 18, 2016

Sun Pharma Advanced Research Company Ltd. (SPARC) has signed an agreement to license Elepsia XR (Levetiracetam Extended Release tablets) to a wholly-owned subsidiay of pharmaceuticals major Sun Pharma for the United States market.

SPARC will receive an up-front payment of $10 million from Sun Pharma, a press release from the company said.

It is also eligible for certain additional milestone payments and defined royalties linked to any future sales of Elepsia XR, it said.

According to the release, Elepsia XR was approved by the US Food and Drug Administration (FDA) in March 2015. However, in September 2015, SPARC received a complete response letter (CRL) from the USFDA rescinding its earlier approval, citing that the compliance status of the manufacturing facility, the Halol site of Sun Pharma, was not acceptable on the date of approval. 

"Sun Pharma has undertaken a detailed remediation at Halol for restoring cGMP compliance status for the site," it said.

Anil Raghavan, CEO, SPARC said, "The licensing of Elepsia XR is a step ahead in our desire to make it available for thousands of epilepsy patients taking multiple pills of Levetiracetam every day. Elepsia XR is designed as a novel once-a-day formulation of Levetiracetam using SPARC's proprietary Wrap Matrix technology. It is designed to reduce pill burden and help improve convenience and compliance in these patients. If and when the USFDA reapproves the Elepsia XR  application, Sun Pharma's significant US presence will help SPARC in commercializing this important product for patients in the US market."

Commenting on the in-licensing, Kirti Ganorkar, Senior Vice President, Business Development, Sun Pharma said, "The in-licensing of Elepsia XR will facilitate Sun Pharma's anticipated entry into the proprietary CNS segment in the US. This is a part of Sun Pharma's strategy, to strengthen its presence in the US specialty segment through its newly created Sun Neurosciences business unit. We believe that SPARC's Wrap Matrix technology will help in differentiating Elepsia XR amongst other competing products."

The release said Elepsia XR is a novel investigational product designed as an extended release formulation of Levetiracetam 1000mg and 1500mg. Levetiracetam products currently approved by FDA and available on the US market are generally indicated for adjunctive therapy in the treatment of partial onset seizures in patients 12 years of age and older with epilepsy. 

As per IMS MAT December 2015, about 9 million prescriptions were dispensed for Levetiracetam making it one of the most widely prescribed treatments for epilepsy in the US.

NNN

Source: SPARC licenses Elepsia XR (Levetiracetam ER tablets) to Sun Pharma