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Galenea and Organix Announce Exclusive License Agreement for 5-HT2C Agonists for the Treatment of Obesity
Date:10/28/2008

nea's expertise in CNS drug discovery to drive these compounds to the clinic," said Peter Meltzer, PhD, President of Organix.

Under the terms of the agreement, Galenea will collaborate with Organix to identify development candidates and will be solely responsible for further development, manufacture and commercialization of the therapeutic products. The four licensors will receive an upfront payment and will be eligible for milestone payments and royalties on future product sales.

Mark Benjamin, Chief Executive Officer of Galenea said, "We are thrilled to have identified such a unique opportunity for Galenea. Licensing this program not only allows us to expand our pipeline by leveraging existing capabilities in medicinal chemistry and in vivo pharmacology but also to address a disease with such substantial unmet medical need."

According to the Centers for Disease Control and Prevention (CDC), the prevalence of obesity, defined as a Body Mass Index (BMI) of greater than 30 kg/m2, represents a significant health concern for the United States. By this criterion, almost one-third of adults in the US are considered obese and more than two-thirds are overweight. Obesity is fast approaching epidemic proportions in many other developed countries, with more than one billion adults now overweight and at least 300 million of them obese. Obesity increases the risk of other serious diseases and adverse health conditions including hypertension, stroke, type 2 diabetes, sleep apnea and some cancers.

About Galenea Corp.

Galenea, an emerging biopharmaceutical company based in Cambridge, Massachusetts, is dedicated to enhancing and saving lives through the discovery of novel therapies for CNS diseases. Galenea has licensed technologies developed in the laboratories of Professor Susumu Tonegawa of MIT and Professor Maria Karayiorgou of Columbia University Medical Center (formerly of The Rockefeller University) and based on the calcineurin pathway and
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SOURCE Galenea Corp.
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