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Kinex Pharmaceuticals Will Take the Lead in the Orascovery Program Development in China
Date:7/9/2013

development.

Dr. Gwan Sun Lee, Chief Executive Officer of Hanmi Pharmaceutical stated: "Kinex has been a great collaborative partner. Our joint development efforts with Kinex continue to advance the products and research program, derived from the Orascovery program, which will lead to opportunities to further expand our end markets. We are delighted to further expand our alliance with Kinex, our partner in the Orascovery program since December 2011. We have full confidence in Kinex and this additional collaborative effort is our vote of confidence with Kinex and its management team."

Dr. Jeewoong Son, Senior Vice-President and Head of Innovation R&D at Hanmi, added: "We are impressed by the Kinex management team and the collaborative effort on both KX01 and the Orascovery program, which have been very successful. Our joint effort in developing a strategic global drug development plan through partnerships has been rewarding. Adding China territory to Kinex territory will further support this global development strategy. The taxanes have demonstrated a strong synergistic effect with KX01, an orally bioavailable dual src kinase/pretubulin inhibitor which Kinex and Hanmi are also collaborating. This attribute may allow the development of an excellent combination therapy to help patients in the future. Hanmi is fully committed in our partnership with Kinex."

Dr. David Hangauer, Chief Scientific Officer of Kinex and a member of the Joint Steering Committee for the Kinex/Hanmi Collaboration, said: "We are pleased with the opportunity to further expand our collaboration with Hanmi. As part of our ongoing partnership, Hanmi has advanced the KX01 program to an IND application with the Korean FDA in late 2012 and began the associated clinical studies in Korea starting in December 2012. Their support has been very helpful to Kine
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SOURCE Kinex Pharmaceuticals
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