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TGen drug development teams with Oncoholdings to fight cancer
Date:1/7/2011

SCOTTSDALE, Ariz. Jan. 7, 2010 TGen Drug Development (TD2) and Oncoholdings Inc. announced today a partnership agreement that could lead to the prompt development of new anti-cancer agents.

Oncoholdings Inc. is a Syracuse, N.Y.-based pharmaceutical company focused on acquiring and developing the most promising preclinical and early clinical anti-cancer agents. It was founded by some of the world's leading oncology scientists and leverages the unique insights and experiences of its founders and world-class scientific advisory board.

TD2, based in Scottsdale, Ariz., provides drug development firms with expertise in moving promising laboratory discoveries through the pre-clinical, clinical and regulatory approval steps of getting new drugs to patients as quickly and safely as possible.

Under the agreement announced today, TD2 a subsidiary of the Phoenix-based Translational Genomics Research Institute (TGen) will be the exclusive development partner for Oncoholdings' oncology portfolio. The company plans to develop as many as 15 early-stage drugs over the next three years.

"We are extremely eager to put the scientific assets of Oncoholdings on the most expeditious and precise path, moving their drug compounds safely and effectively to benefit cancer patients who so desperately need better treatments," said Dr. Stephen Gately, President of TD2 and a member of the Scientific Advisory Board of Oncoholdings.

Oncoholdings specifically targets drug candidates for development with the potential to:

  • Demonstrate superiority over standard-of-care in pre-clinical or early human trials.
  • Address significant unmet medical needs in oncology.
  • Leverage Oncoholdings' significant expertise in cancer trial design and execution.

"Through our partnership with TGen Drug Development we are confident that we have secured a team comprised of the of the world's top scientists and researchers to develop Oncohol
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Contact: Steve Yozwiak
syozwiak@tgen.org
602-343-8704
The Translational Genomics Research Institute
Source:Eurekalert

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