Martin Pharmaceuticals Secures Exclusive Rights From Mitsubishi Tanabe Pharma for Docarpamine to Treat Decompensated Chronic Liver Disease Including Ascites [Yahoo! Finance]
MITSUBISHI CH GRP U/ADR (MTLHY)
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Source: Yahoo! Finance
treatment of complications arising from advanced liver disease, today announced that it has entered into a license agreement with Mitsubishi Tanabe Pharma Corporation (MTPC) for exclusive access to docarpamine-related toxicology, preclinical, clinical safety, and pharmacokinetics data in the field of gastrointestinal conditions, including ascites, for use outside of Japan and China . Under the terms of the agreement, MTPC will receive an undisclosed upfront payment and additional milestones and royalties. "This license agreement with MTPC, a global leader in the pharmaceutical industry, will help us rapidly advance the development of CIQUAAX," said Sven Jacobson , Chief Executive Officer of Martin Pharmaceuticals. "We are grateful to be able to access MTPC's years of experience with docarpamine and are excited by the potential of CIQUAAX given the significant unmet need for a safe and effective therapy for patients with decompensated chronic liver disease." This announcement follo
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