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LTT Bio-Pharma Wins Governmental Backing for Its Collaborative Research on Nonsteroidal Antiinflammatory Drug.

Tokyo, Japan, Aug 4, 2005 - (JCNN) - LTT Bio-Pharma, a Japanese pharmaceutical company specializing in drug delivery systems, announced on August 2 that the Japan Science and Technology Agency (JST) has selected the company's proposal as one of the projects JST supports.

Further, the company and JST signed a three-year contract on August 1. Under this contract, the company, in collaboration with Professor Tohru Mizushima at the Faculty of Medical and Pharmaceutical Sciences, Kumamoto University, will proceed with research on next-generation nonsteroidal anti-inflammatory drugs.

Specifically, they aim to develop agents that will be free from developing gastric ulcer and myocardial infarction.

JST will provide the project with a fund of 50 million yen ($450,000) for fiscal 2005.

Source: JCN http://www.japancorp.net

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Publication:JCNN News Summaries
Date:Aug 5, 2005
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