Cantabio Pharmaceuticals signs development agreement with Purdue Research Foundation.
M2 EQUITYBITES-July 13, 2016-Cantabio Pharmaceuticals signs development agreement with Purdue Research Foundation
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Cantabio Pharmaceuticals (OTCMKTS:CTBO), a biotech company, has signed a contract with Purdue Research Foundation.
It was reported yesterday that the agreement has been signed to advance the company's development work on targeting DJ-1 protein small molecule pharmaceutical chaperone drug candidates for the treatment of Parkinson's disease and other related neurodegenerative diseases.
The contract provides Cantabio with access to intellectual property derived from the joint research done at Purdue University and Cantabio, further strengthening the company's intellectual property position in DJ-1 pharmaceutical chaperones, and provides further confidence in the validity of the therapeutic program for PD and neurodegenerative diseases in general. Pharmaceutical chaperones are small molecules designed to enter cells and serve as molecular scaffolding to prevent or reverse the misfolding and loss of function of proteins. Misfolded proteins are associated with numerous diseases, particularly neurodegenerative diseases including PD and Alzheimer's disease.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jul 13, 2016|
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