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CASiGEN Pharma Receives A World-wide Exclusive License From GIBH To Bring New Potential Diabetes Treatments To The Global Market
Date:5/17/2012

example of how universities and research institutions in mainland China could take advantage of Hong Kong's international business outlook and get high level support at HKSTPC to take the company efficiently through its early development stage."

Commenting about the license agreement and potential future home of CASiGEN at HKSTP, Mr. Mikael Oerum, Chairman of CASiGEN Pharma and Founding Partner of Ventac Partners, said: "CASiGEN Pharma is committed to the development of novel drugs for the treatment of metabolic diseases, in particular diabetes type 2. CASiGEN combines international pharmaceutical business expertise with novel therapeutic discoveries originating from GIBH to enable fast and efficient drug development. The diabetes program at CASiGEN focuses on the identification and development of orally available, small molecules acting on a recently validated drug target, ERR-alpha, in type 2 diabetes. Our goal is to improve  the effect of insulin action by making the body more sensitive to insulin. We believe by locating the company in HKSTP CASiGEN will be situated optimally in the region. HKSTP  is an excellent supporter of young biotech companies with a global outlook. It is furthermore anticipated that CASiGEN will form a partnership with a mainland company to serve the China market for new anti-diabetic drugs."

GIBH is a government-sponsored scientific research institute affiliated with the Chinese Academy of Sciences. With more than 300 staff members and 200 graduate students, the institute engages in three major areas of research, stem cell biology, chemical and synthetic biology and infection/immunity. GIBH's mission is to serve citizens of China and the world through commitment and discovery by integrating both biological and chemical sciences for the improvement of human health. For more information, see www.gibh.cas.cn.

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SOURCE Ventac Partners
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