Navigation Links
Spiral Therapeutics Acquires an Exclusive Option to Develop Two Neuroprotective Agents for the Treatment of Inner Ear Disorders
Date:3/29/2017

SAN FRANCISCO, March 29, 2017 /PRNewswire/ -- Spiral Therapeutics, Inc. today announced the signature of an option agreement with Bionure Farma, S.L. for the worldwide exclusive rights to Bionure's lead candidate, BN201 and to BN119 in the field of otolaryngology for aggregate payments of up to US$4.86 million plus sales-based royalties.

The agreement provides Spiral with the option to license two pre-clinical stage assets with a differentiated product profile. Under the terms of the agreement, Spiral will initiate a feasibility assessment to determine the potential for BN201 and BN119 to be developed for the prevention and treatment of inner ear disorders. Spiral expects to complete this process and to exercise the option by Q3 2017.

"We are very pleased to acquire the opportunity to develop BN201 and BN119 for inner ear disorders and build on Bionure's excellent pre-clinical work around its candidates," said Hugo Peris, founder and CEO of Spiral Therapeutics. "This agreement will accelerate Spiral's vision to become a leading player in the fast-growing inner ear space."

"Spiral has rapidly built strong expertise in the otology field since its foundation last year," said Albert Zamora, CEO of Bionure. "We are pleased to partner with Spiral in progressing our drugs in this important therapeutic area with many unmet medical needs."

About BN201 and BN119

Bionure's compounds BN201 and BN119 are two SGK agonists with remyelinating and neuroprotective activity. Bionure has developed BN201 for the treatment of rare ophthalmic indications associated with multiple sclerosis and expects to receive Clinical Trial Authorization for BN201 in the UK in Q2 2017. BN201 and BN119 could be useful in preventing and treating debilitating inner ear disorders, like sensorineural hearing loss.

About Bionure

Bionure is a late-preclinical drug development company based in Barcelona, Spain focused on developing first-in-class SGK agonists for the treatment of rare ophthalmic diseases. Bionure's lead candidate BN201 is a small molecule, new chemical entity that promotes neuroprotection and remyelination. Bionure plans to start clinical trials in 2017.
www.bionure.com

About Spiral Therapeutics

Spiral Therapeutics is a late stage preclinical company focused on the development of first-in-class products targeting inner ear disorders. Spiral's lead candidate LPT99 for prevention of hearing loss is expected to reach clinical stage in 2018. Spiral is headquartered in San Francisco, CA and has an R&D office in Barcelona, Spain.
www.spiraltx.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/spiral-therapeutics-acquires-an-exclusive-option-to-develop-two-neuroprotective-agents-for-the-treatment-of-inner-ear-disorders-300430547.html


'/>"/>
SOURCE Spiral Therapeutics, Inc.
Copyright©2017 PR Newswire.
All rights reserved


Related medicine technology :

1. Orexigen Therapeutics Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2016
2. Akcea Therapeutics Announces Three Additions to Board of Directors
3. Milner Therapeutics Institute Announces New Partnership with Elysium Health
4. ImMAGE Biotherapeutics DNA immunotherapy shows high efficacy with low toxicology results
5. Aprea Therapeutics Announces Research Collaboration with Memorial Sloan Kettering Cancer Center
6. Healthcare Stocks on Investors Radar -- Depomed, Novartis AG, TherapeuticsMD, and Tonix Pharma
7. Pain Therapeutics Attendee List Released Featuring Scientific Leaders and Top Industry Experts
8. PTC Therapeutics Reports Fourth Quarter and Full Year 2016 Financial Results and Provides Corporate Update
9. Patch Pump Drug Delivery Systems Devices Therapeutics Markets Forecasts
10. Lung Therapeutics, Inc. Doses First Patient in Phase 1 Clinical Trial of LTI-01 in Australia and New Zealand
11. Aratana Therapeutics Reports Fourth Quarter and Full Year 2016 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/18/2017)... Aug. 18, 2017  Nortis today announced the awarding of a $688K National ... the third year of a Small Business Innovation Research (SBIR)?Fast-track ... of Neurological Disorders and Stroke (NINDS).?  ... Nortis ParVivo Chip used ... ...
(Date:8/17/2017)... ANGELES , Aug. 17, 2017 MJAC2017 ... CBMJ – Canna Broadcast Media, today reveals its leading lineup. ... Isodiol International Inc., a global cannabis innovator specializing in the ... sponsor of the conference. MassRoots, Rambridge™ and The Green Organic ... Bay Inc. and Namaste Vapes™ as silver sponsors. ...
(Date:8/17/2017)... CAESAREA, Israel , August 17, 2017 /PRNewswire/ ... digital health Company with mobile health and big ... securities purchase agreements with domestic and non-U.S. investors ... common stock and shares of the Company,s newly ... private placement offerings. The Company expects to conduct ...
Breaking Medicine Technology:
(Date:8/20/2017)... ... ... total solar eclipse will occur across the U.S. on Monday, August 21, causing ... sun and Earth. This rare event will be magnificent to witness, but what does it ... the road during the total eclipse of the sun. , 1. Plan ahead. The eclipse’s ...
(Date:8/20/2017)... ... August 20, 2017 , ... ... HIPAA ComplyPAK™ Compliance Management System has assisted multiple clients in successfully passing ... Accountants, Service Organization Control Level 2 (AICPA SOC Level 2), and State Data ...
(Date:8/20/2017)... ... 20, 2017 , ... State Farm Neighborhood Assist® has named The Southern ... $25,000 grant. If the initiative wins, Gals Lead – Dream Queen Foundation’s signature teen ... area of St. Mary’s, Calvert and Charles Counties. The program could potentially impact nearly ...
(Date:8/20/2017)... CO (PRWEB) , ... August 20, 2017 , ... Are ... the same household? If so, you may be interested in participating in a ... purpose of this research is to understand more about the relational aspects of adults ...
(Date:8/19/2017)... ... August 19, 2017 , ... DMG Productions, producers of ... Group in an upcoming episode, slated to air fourth quarter 2017. Check your ... Aurum Group; a company committed to supporting dentistry using the most technologically advanced ...
Breaking Medicine News(10 mins):