Navigation Links
Pharmalink AB Gains Exclusive Licence to Archimedes Pharma's TARGIT® Technology for Nefecon® (PL-56) Program
Date:12/13/2011

STOCKHOLM, December 13, 2011 /PRNewswire/ --

Pharmalink AB, today announces it has gained an exclusive global license to Archimedes Pharma Ltd.'s TARGIT® drug delivery technology for use in its lead program, Nefecon® for the treatment of the kidney disease IgA nephropathy.

As part of the agreement, Pharmalink has also acquired from Archimedes Pharma certain specialized equipment and the technologies needed to manufacture TARGIT capsules for Nefecon for its ongoing clinical development program. Pharmalink has paid Archimedes Pharma an undisclosed upfront payment for the license and other assets and will pay a royalty on the sales of Nefecon.

Today's agreement follows a productive co-development program between Pharmalink and Archimedes Pharma that began in 2004 and saw Nefecon successfully complete an open Phase II trial evaluating efficacy and safety. Pharmalink now assumes full control and responsibility for the further development of Nefecon.  

Pharmalink's Managing Director Johan Häggblad said, "We believe Nefecon has great potential as a new medicine for a currently poorly treated disease that can ultimately lead to renal failure. Our collaboration with Archimedes delivered very strong progress and having secured an exclusive license to TARGIT we look forward to continuing to drive the development of Nefecon and bringing an important new treatment option to patients."

Archimedes Pharma's Chief Executive Officer Jeffrey H. Buchalter said, "We are pleased that the license of our unique TARGIT drug delivery technology to Pharmalink will allow the development of Nefecon to progress.  We will continue to have an interest in the advancement and success of Nefecon to address this unmet medical need."

Archimedes retains all TARGIT rights outside the Nefecon areas of study.

Nefecon is an enteric formulation of a locally acting corticosteroid which down regulates the inflammatory process in the kidneys through suppression of the gut immune system. It is delivered using the proprietary TARGIT drug delivery technology which enables the localized delivery of drugs to the lower small intestine or colonic regions of the gut. The concept underlying Nefecon is a patented invention by Professors Bengt Fellström and Roger Hällgren at Uppsala University (Sweden).

About Pharmalink

Pharmalink is a Swedish specialty pharma company developing high value products for niche indications. Pharmalink draws on its extensive experience of pharmaceutical product development and the excellence of medical science in Sweden to identify and progress products that address significant unmet medical needs. Pharmalink has introduced more than 15 pharmaceutical products to the market. Using a repurposing and reformulation strategy, Pharmalink minimizes the risk of product development. The Company's strategy is to apply its expertise to drive drug development and commercialise with partners. Pharmalink currently has two clinical phase projects under development, Nefecon® and BusulipoTM, and is actively in-licensing promising new projects to add to its pipeline. Visit http://www.pharmalink.se for further information.

About Archimedes Pharma

Archimedes Pharma is an international specialty pharmaceutical company providing novel and advanced treatments to address unmet needs for people living with serious or life-threatening chronic and debilitating illnesses. Archimedes Pharma markets a diverse portfolio of specialty products and has operations in the U.S. and throughout Europe. For more information, please visit: http://www.ArchimedesPharma.com.

TARGIT is a registered trademark of Archimedes Development Limited, a subsidiary of Archimedes Pharma Ltd.

For further information, please contact:

Pharmalink AB:
Johan Häggblad, Managing Director, +46(0)70-668-0644
Email: johan.haggblad@pharmalink.se
http://www.pharmalink.se

Citigate Dewe Rogerson:
Chris Gardner/Nina Enegren, +44-207-638-9571



'/>"/>
SOURCE Pharmalink AB
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. Pharmalink AB Strengthens its Board of Directors and Signals a Strategic Step Towards Late Phase Product Development
2. Pharmalink AB Completes Phase II Clinical Study With Renal Disease Drug Nefecon(R)
3. Pharmalink AB Closes Deal With Grifols SA for the Acquisition of the Xepol(R) Programme for the Treatment of Post-Polio Syndrome
4. PSKW Expands Its Lawsuit Against McKesson to Seek Assignment of McKessons Patent Application
5. Micromet, Inc. Fills Audit Committee Vacancy and Regains Compliance With NASDAQ Marketplace Rule
6. Massachusetts Company May Have Silver Bullet In Vitamin D Fight Against Disease
7. UCF professor develops vaccine to protect against black plague bioterror attack
8. New Innovation Set to Revolutionise Spray Technology - Used to Protect Against the Scottish Biting Midge & Help Fight MRSA in the NHS
9. Integrated BioTherapeutics Awarded NIAID Contract For Up to $65 Million for Development of a Vaccine against Ebola and Marburg Viruses
10. The Plasmodium vivax genome provides new routes and challenges in the global fight against malaria
11. BIO Ventures for Global Health Receives $7 Million Grant from Gates Foundation to Engage Biotechnology in the Fight Against Neglected Diseases of the Developing World
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/20/2017)... http://www.Financialbuzz.com - According ... causes of death worldwide. There were 8.2 million cancer ... related deaths increased gradually over time, the death rates ... various cancers continues to drive demand of biological therapies ... Market Insights, Inc. cancer biological therapy market size was USD ...
(Date:1/19/2017)... Jan. 19, 2017 /PRNewswire -- WuXi AppTec, a ... capability and technology platform, today announced that it ... focused preclinical drug discovery contract research organization (CRO). ... a wholly-owned subsidiary of WuXi, and will continue ... providing greater services. The acquisition will further strengthen ...
(Date:1/19/2017)... , Jan. 19, 2017  ArmaGen, Inc., ... Schmidt , Ph.D., as chief executive officer, as ... directors. Dr. Schmidt brings to ArmaGen more than 17 ... research and development of biotherapeutics and pharmaceuticals. ... with the diverse experience and skillset necessary to ...
(Date:1/19/2017)... ... January 19, 2017 , ... ... the full spectrum of drug and device development, and Prism Clinical Research ... and clinicians, today announced Verified Clinical Trials (VCT) has been selected ...
Breaking Biology Technology:
(Date:1/6/2017)... -- Delta ID Inc., a leader in consumer-grade iris scanning ... CES® 2017. Delta ID has collaborated with Gentex Corporation ... of iris scanning as a secure, reliable and convenient ... car, and as a way to elevate the security ... ID and Gentex will demonstrate (booth #7326 LVCC) a ...
(Date:1/4/2017)... LAS VEGAS , Jan. 4, 2017 /PRNewswire/ ... in performance biometric sensor technology, today announced the ... Benchmark™ sensor systems, the highly-accurate biometric sensor ... ® biometric technology, experience and expertise. The ... of Benchmark designed specifically for hearables, and Benchmark ...
(Date:12/22/2016)... -- As part of its longstanding mission to improve genetic literacy ... released its latest children,s book, titled The One ... topics of inheritance and variation of traits that are part ... school classrooms in the US. The book ... Killoran , whose previous book with 23andMe, You ...
Breaking Biology News(10 mins):