BOONTON, N.J., Sept. 30, 2013 /PRNewswire/ -- Enteris BioPharma, Inc., an industry leader in innovative oral dosage formulations, and KeyBioScience, a wholly-owned subsidiary of Nordic Bioscience, today announced a strategic licensing agreement for Enteris' oral drug delivery and recombinant manufacturing technologies to advance the development of KeyBioScience's recently acquired family of proprietary metabolic peptides for various indications, including the treatment of Type 2 diabetes, obesity and other inflammatory conditions with high unmet medical and socioeconomic needs.
The licensing agreement with KeyBioScience marks the first significant revenue-generating partnership for Enteris since its inception in April 2013, and is representative of the company's broader "Feasibility-to-Licensing" strategy involving Peptelligence™, its peptide and small molecule oral drug delivery platform. For KeyBioScience, the licensing agreement signals its transition to a clinical stage company following its formation by Nordic Bioscience.
Under the terms of the agreement, Enteris will license to KeyBioScience its oral drug delivery and recombinant manufacturing technologies, as well as become the exclusive provider of pre-clinical and clinical trial API and solid dosage form finished product and will receive both fee-for-service revenues and royalties based on net sales of the developed products.
Brian Zietsman, President and CFO of Enteris BioPharma, commented, "I cannot overemphasize the significance of this licensing agreement for Enteris and the excitement we share with Nordic Bioscience and its wholly-owned subsidiary KeyBioScience, especially given the tremendous potential therapeutic benefit and multi-billion dollar commercial potential of the compounds under development. Importantly, for Enteris, this l
|SOURCE Enteris BioPharma, Inc.|
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