BioSpace Collaborative

Academic/Biomedical Research
News & Jobs
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
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

PROFILES
Company Profiles

INTELLIGENCE
Research Store

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

 News | News By Subject | News by Disease News By Date | Search News
Get Our Industry eNewsletter FREE email:    
   

Almac Discovery Announces Licensing of ALM201 to Shin Poong Pharmaceutical Co., Ltd. (019170.KS) for Development and Marketing in South Korea


4/29/2013 8:00:12 AM

Staying up-to-date has never been simpler. Sign up for the free GenePool newsletter today!

CRAIGAVON, Northern Ireland--(BUSINESS WIRE)-- Almac Discovery today announced the licensing of its novel anti-angiogenic peptide ALM201 to Shin Poong Pharmaceutical Company Ltd for clinical development and marketing in South Korea. Shin Poong will make an undisclosed upfront payment and pay milestones and royalties as part of the deal. The Shin Poong programme in South Korea will run in parallel with Almac Discovery’s own development programme in Europe.

ALM201 is a novel highly potent anti-angiogenic peptide that is targeted to cells expressing CD44 and acts by inhibiting migration of vascular endothelial cells; a mechanism which clearly differentiates ALM201 from current marketed anti-angiogenics. The compound has completed preclinical development, has a good toxicology profile and is entering Phase I/II trials in the UK.

Stephen Barr, President and Managing Director of Almac Discovery said: “We are delighted to be partnering with Shin Poong. Their work on ALM201 in South Korea will complement our own programme very well and will add significant scientific value.”

Mr. Won June Chang, CEO of Shin Poong, declared: "We are delighted to license the novel and innovative anti-cancer drug candidate from Almac Discovery and we look forward to supporting the development of this drug candidate in South Korea."

Almac Discovery is seeking partners for ALM201 in all other territories.

About Almac Discovery

Almac Discovery is an independent member of the Almac Group. The company is focused on the discovery and development of novel and innovative approaches to the treatment of cancer and associated conditions. Almac Discovery is located in Craigavon, Northern Ireland. For more information, please visit www.almacgroup.com/discovery/.

Contact:

For additional information please contact

Dr Robert Grundy, Director of Commercial Development and Licensing

Almac Discovery

robert.grundy@almacgroup.com

+44 2838332200



Help employers find you! Check out all the jobs and post your resume.


Read at BioSpace.com

   

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

//-->