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Kinex Receives Research Support from the Hong Kong Innovation and Technology Commission (ITC)
Date:8/1/2013

an>New Zealand to Zenith Technology Corporation (Dunedin, New Zealand).  Zenith Technology Corporation will commit a significant amount of resources to the Oraxol and Oratecan global development programs, providing Kinex and Hanmi Pharmaceuticals additional clinical programs to support the global registration strategy.  

Johnson YN Lau, MD, FRCP, Kinex CEO and Chairman stated, "I am gratified that the Kinex research programs combining HM30181A, a novel P-glycoprotein pump inhibitor, with docetaxel and doxorubicin has received financial support from the Hong Kong Government ITC. This program will strengthen our foot print in Asia and allow us to further leverage the research collaboration between Asia, in particular Hong Kong, and the United States.  These programs have been assigned to our wholly-owned subsidiary Kinex Pharmaceuticals (HK) Limited in our effort to grow our Asian infrastructure."

"The Hong Kong environment provides Kinex with an important source of highly skilled scientists.  I am excited that we will be able to tap into this talent pool and to strengthen our research through this initiative. It is delightful to see that the Hong Kong ITC is taking the lead to support biotechnology development in the Region and that Kinex is able to be part of this.  I strongly believe that this project will generate further scientific excitement around the application of the novel non-absorbable P-glycoprotein inhibitor, HM30181A, in the oncology field," declared David Hangauer, CSO of Kinex.

Dr. Jeewoong Son, Senior VP and Head of Innovation R&D at Hanmi added, "As a collaborator, we are excited to see Kinex strengthen their presence in Asia (Hong Kong). Our partner
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SOURCE Kinex Pharmaceuticals
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