Navigation Links
Transition Therapeutics Announces Milestone Payment from Elan
Date:12/24/2007

TORONTO, Dec. 24 /PRNewswire-FirstCall/ - Transition Therapeutics Inc. ("Transition" or the "Company") (TSX: TTH; NASDAQ: TTHI), announced today that the Company will receive a US$5million milestone payment under its global collaboration agreement with a subsidiary of Elan Corporation, plc ("Elan") (NYSE: ELN). The milestone payment was triggered by the initiation of a Phase 2 clinical study of Alzheimer's disease drug candidate, ELND005 (AZD-103), which was jointly announced by Transition and Elan on December 21, 2007.

In connection with the enrolment of the first patient in the Phase 2 clinical study, Transition will issue the former shareholders of Ellipsis Neurotherapeutics Inc. ("ENI") 174,123 Transition common shares at a price of $10.86 per share, which represents the weighted average trading price for the last five trading days. The financial terms associated with the acquisition of ENI were previously disclosed in a press release dated March 13, 2006.

About Transition

----------------

Transition is a biopharmaceutical company, developing novel therapeutics for disease indications with large markets. Transition's lead products include ELND005 (AZD-103) for the treatment of Alzheimer's disease and TT-223 for the treatment of diabetes. Transition has an emerging pipeline of preclinical drug candidates acquired externally or developed internally using its proprietary drug discovery engine. Transition's shares are listed on the NASDAQ under the symbol "TTHI" and the Toronto Stock Exchange under the symbol "TTH". For additional information about the Company, please visit http://www.transitiontherapeutics.com.

Notice to Readers: Informati
'/>"/>

SOURCE Transition Therapeutics Inc.
Copyright©2007 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2

Related medicine news :

1. Transition Therapeutics Announces Fiscal 2007 Year End Financial Results
2. Transition Therapeutics Receives Remaining Upfront Payment from Elan Corporation, plc
3. Transition Therapeutics to Hold Conference Call on First Quarter Fiscal 2008 Financial Results on Wednesday, November 14, at 8:30 A.M. EST
4. New UIC center to study end-of-life transition
5. Seabrook House Opens Transitional Living Facility: Seabrook West
6. Prime Therapeutics Receives TIPPS Certification
7. Adams Respiratory Therapeutics to Celebrate 10th Anniversary of its Incorporation on September 12
8. Lorus Therapeutics announces election of three new Directors and appoints a new Chairman
9. Deane F. Johnson Center for Neurotherapeutics to Launch First Mobile Medical Unit on October 4th
10. Russell Investment Group Advises Protalix Biotherapeutics of Index Adjustment
11. Adams Respiratory Therapeutics Announces FDA Approval of Grape-Flavored Delsym(R)
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/19/2013)... June 19, 2013 Imprivata ®, ... today announced that Imprivata OneSign ® leads the ... Mid-Term Performance Review: Software & Services report . CIOs ... Imprivata on the superior performance of its products and ... they indicate that Imprivata is integral to their long-term ...
(Date:6/19/2013)... Kona, HI (PRWEB) June 19, 2013 ... coordination company is dedicated to being an effective and ... wedding, reception needs. They have partnered up with Tom ... advice and discounts on most of Hawaii’s activities. , ... shows how clients can get the lowest prices on ...
(Date:6/19/2013)... The producers of Viewpoints TV are pleased ... city is located in the center of what is called ... image and become an affordable city to live, work, raise ... the United States with a workforce strong in the high ... cost-of-living, friendly business environment and more than 100 days of ...
(Date:6/19/2013)... School of Nursing researcher has received a four-year, $1.49 ... mood in women with diabetes who are depressed. , ... can reduce blood pressure and affect how well women ... Institute of Nursing Research at the National Institutes of ... and colleagues hypothesize that women receiving vitamin D will ...
(Date:6/19/2013)... Chicago is cracking down on bed bugs. New ... will require landlords to exterminate any and all reported bed ... ordinance also makes tenants responsible for reporting signs of bed ... often include disposing of furniture, bedding, and more. , In ... did more bed bug business in Chicago than any other ...
Breaking Medicine News(10 mins):Health News:Imprivata Tops Single Sign-On Category in KLAS 2013 Mid-Term Performance Review 2Health News:Imprivata Tops Single Sign-On Category in KLAS 2013 Mid-Term Performance Review 3Health News:Maui'd Forever Pleased to Offer Price Guarantee on Hawaii Activities 2Health News:Viewpoints TV Announces June Air Dates for Phoenix, AZ 2Health News:Loyola receives $1.5 million grant to study vitamin D for diabetes and depression 2Health News:Chicago Ordinance Requires Landlords and Tenants to Take Responsibility for Bed Bugs 2
... enough to guarantee complete parity in treatment, expert says ... guidelines from the American Heart Association have been able ... heart attack patients, a new study finds. , Called ... in care can be eliminated while at the same ...
... may sound simple, but not so in the formation of ... implications, Mitchell A. Lazar, M.D., Ph.D., director of the Institute ... School of Medicine, and colleagues report in the current issue ... intermediate state between early-stage fat cells and fully mature ones ...
... ... ... 17, 2010 -- Centegra Health System and Dell Services ( www.dell.com ) ... region’s first-ever Health Information Exchange (HIE). The program also provides local physicians with access ...
... that may prove to be a more effective treatment for ... Press in the May issue of the journal Cancer ... notoriously intractable leukemia stem cells that often escape standard treatment ... myelogenous leukemia (CML) is a deadly form of leukemia that ...
... available in French . , Montreal, May ... links between cell phone use and brain tumours is ... the Interphone International Study Group. Jack Siemiatycki, a professor ... the University of Montreal Hospital Research Center, says restricted ...
... for tests that predict the illness, researchers say , MONDAY, ... disease in middle age may have genetic roots, even if ... illnesses in their background, a new study has found. , ... to screen for genetic predispositions to serious lung disease before ...
Cached Medicine News:Health News:Heart Attack Guidelines Close Racial Gaps in Hospital Care 2Health News:Heart Attack Guidelines Close Racial Gaps in Hospital Care 3Health News:A fat cell grows up 2Health News:A fat cell grows up 3Health News:Centegra Health System Launches New Physician Network 2Health News:Centegra Health System Launches New Physician Network 3Health News:Combination therapy targets stubborn leukemia stem cells 2Health News:World's biggest study on cell phones and brain cancer inconclusive 2Health News:Lung Disease Can Be Genetic Even Without Family History 2
(Date:6/18/2013)... PROSPECT, Ill. , June 18, 2013 /PRNewswire-iReach/ ... of its new X3130 Appliance Inlet Module. The ... circuit breaker , combines a C14 appliance inlet ... one compact package.  This three-in-one device allows design ... their designs - cutting installation time by 66 ...
(Date:6/18/2013)... Mass. , June 18, 2013 ... the company was named Overall Performance Leader in Imaging ... Equipment & Infrastructure report. Philips also received Best in ... its imaging products: Ingenuity Core 128 Computed Tomography ... ultrasound and PageWriter TC70 cardiograph. The annual Best in ...
(Date:6/18/2013)... 18, 2013 Unilife Corporation ("Unilife" or "Company") ... and manufacturer of injectable drug delivery systems, today announced ... www.unilife.com . The new site includes additional products, videos, ... on a regular basis. Mr. Alan ... emerging global leader for injectable drug delivery systems, we ...
Breaking Medicine Technology:Three-in-One X3130 Appliance Inlet Module 2Philips Named 2013 Overall Performance Leader In Imaging Equipment By KLAS 2Unilife Launches New Corporate Website 2
... Inc. (Nasdaq: MSHL ), an oncology company ... cancer metabolism, announced today that it has filed a ... Exchange Commission for a rights offering to existing stockholders ... stock. The Company will announce further details regarding the ...
... Feb. 21, 2012  Isis Pharmaceuticals, Inc. (Nasdaq: ISIS ... will present a company overview at Citi,s 2012 Global Health ... ET at the Waldorf Astoria in New York City. ... available on the "Investors & Media" section of the Company,s ...
Cached Medicine Technology:Marshall Edwards Announces Rights Offering to Stockholders 2Marshall Edwards Announces Rights Offering to Stockholders 3
... Paradigm II utilizes powerful ... modules that provide complete flexibility for you to ... Quality system, while providing transparent accountability to all ... or Intranet . Paradigm II uses ...
... is the power behind each MasterControl ... the essential building blocks to construct ... to boost operational efficiency, improve product ... and quality standards. Click here to ...
... automated, easy to operate and maintain. The ... by flexible snap-seal pockets which minimize the ... of the water. Offered in two-, four-, ... accommodate bags of various sizes. ThermoLine Thawing ...
... Our thawing systems are automated, easy to ... from the outside environment by flexible snap-seal ... bacterial or viral contamination of the water. ... the systems can also accommodate bags of ...
Medicine Products: