As part of the deal, Zentiva will make a non-refundable payment of up to USD 50 million, tied to regulatory milestones. This includes an upfront payment of $10 million upon execution of the agreement. Both companies will jointly invest in the development of the biosimilar, and profits from defined markets will be shared between the two parties.

Zentiva, k.s. is a leading pharmaceutical company delivering affordable, high-quality medicines to over 100 million people in more than 30 countries, primarily across Europe.

Lupin stated that this partnership with Zentiva aims to expand its market reach and provide high-quality and cost-effective biosimilars to patients worldwide.

The company also clarified that the transaction does not involve any acquisition and Zentiva is not a related party. None of the promoters, promoter group, or group companies have any financial or other interest in the arrangement.

Lupin is a global pharmaceutical leader headquartered in Mumbai, India, with products distributed in over 100 markets. It specializes in pharmaceutical products, including branded and generic formulations, complex generics, biotechnology products, and active pharmaceutical ingredients.

The company’s consolidated net profit surged 114.9% to Rs 772.52 crore on a 13.6% jump in net sales to Rs 5,562.20 crore in Q4 FY25 over Q4 FY24.

The scrip added 0.43% to Rs 1,930 on the BSE today.