BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

BiologicsMD, Inc. Awards Manufacturing Contract to Cytovance Biologics Inc. to Expand Development of Breakthrough Osteoporosis Medication


7/10/2012 11:59:29 AM

FAYETTEVILLE, Ark. -- BiologicsMD, a drug development company based in Fayetteville, AR., awarded a manufacturing contract to Cytovance Biologics, Inc. located in Oklahoma City, OK, to continue development of BiologicMD’s breakthrough osteoporosis medication, PTH-CBD™. The agreement will lead to the development of the manufacturing platform for PTH-CBD™, a key step in the process that will allow BiologicsMD to conduct Phase I studies.

BiologicsMD is developing a new prescription osteoporosis medication called PTH-CBD™, which promises five times the efficacy of available bisphosphonate treatments with fewer side effects. According to the National Osteoporosis Foundation, 55% of Americans over the age of 50 have osteoporosis. Additionally, the foundation estimates that the cost to treat osteoporosis related fractures will exceed $25 billion annually by 2025.

“We are excited to announce our partnership with Cytovance to develop the manufacturing platform for our PTH-CBD treatment. Their expertise will play a key role in accelerating the development of this compound that will hopefully improve the lives of the millions of individuals who suffer from osteoporosis”, said Paul Mlakar, Jr., President, BiologicsMD.

“Cytovance is excited that BiologicsMD has chosen us to support this innovative treatment for osteoporosis,” said Darren Head, President and Chief Executive Officer of Cytovance Biologics. “Our experienced staff and state-of-the-art facilities are prepared to deliver the highest quality of manufacturing services for successful completion of this clinical milestone for the PTH-CBD™ program.”

BiologicsMD, Inc. is a medical development start-up company that focuses on transforming academic discoveries into commercially viable medications. The company was founded in 2010 and won more than $600,000 in cash, prizes, and investments in six major entrepreneurial business plan competitions. To date, the company has both raised private equity and has been awarded a $2.3 million research contract from the Department of Defense. For more information on BiologicsMD, Inc. please visit www.BiologicsMD.com.

Cytovance Biologics is a biopharmaceutical contract manufacturing company specializing in the production of therapeutic proteins and antibodies from both mammalian cell culture and microbial fermentation. In addition to its CGMP manufacturing services, the company offers process development, CGMP cell banking and support services from its Oklahoma City, Oklahoma facilities. The company’s approach couples considerable client-side experience with the necessary technical and operational expertise. For more information on Cytovance, visit www.Cytovance.com.



Read at BioSpace.com

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES