Algorae Pharmaceuticals Enters Licensing Agreement with Indian Manufacturer for Launch of Generic Oncology Medicines in Australia, New Zealand

MT Newswires Live

2025/09/23

Algorae Pharmaceuticals (ASX:1AI) entered into an exclusive licensing deal with Indian pharmaceutical firm Sakar Healthcare to launch five generic oncology medicines into the Australian and New Zealand markets, according to a Tuesday Australian bourse filing.

It began regulatory planning for Therapeutic Goods Administration registration to allow for product commercialization.

The firm's representatives conducted an on-site inspection of Sakar's manufacturing facilities in Ahmedabad, India, and held meetings with senior management, operational leaders, and technical staff as part of its due diligence.

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