ProteoTech, Tasly sign Alzheimer's drug development deal.
M2 PHARMA-October 4, 2010-ProteoTech, Tasly sign Alzheimer's drug development deal(C)2010 M2 COMMUNICATIONS
4 October 2010 - Chinese Tasly Pharmaceutical Co Ltd (SHA: 600535) and US ProteoTech Inc said today they have inked an agreement to co-develop ProteoTech's small molecule therapeutic, Exebryl-1, for the treatment of mild-to-moderate Alzheimer's disease.
Exebryl-1 has been shown to inhibit beta-amyloid protein aggregate formation in brain, as well as disaggregate amyloid plaques that are already present. The drug has also shown specificity against tau protein aggregates and may be the first therapeutic targeting beta-amyloid and tau protein associated with this disease.
The collaboration will focus on moving the clinical development of this drug though the regulatory process in China and the US.
Terms of the contract were not disclosed but will include an upfront payment, development costs and research funding to ProteoTech according to Manuel Menendez, managing partner of Nobel Pacific, who acted as an advisor to both companies.
Tasly will gain rights for Exebryl-1 for China and ProteoTech will retain rights for the US and the rest of the world.
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|Date:||Oct 4, 2010|
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