Debiopharm and NanoCarrier Sign License and Supply Agreement for Dach-Platin Polymeric Micelle in Oncology
Under the terms of the agreement:
- NanoCarrier grants Debiopharm an exclusive license, with the right tosublicense, develop and commercialize DACH-Platin Polymeric Micelle worldwideexcluding Japan.
- Debiopharm will provide NanoCarrier exclusively with the startingmaterial of DACH-platin, and NanoCarrier will manufacture and provideDACH-Platin Polymeric Micelle solely to Debiopharm.
- Debiopharm will cover costs related to the manufacture of DACH-PlatinPolymeric Micelle and will pay NanoCarrier an up-front and milestones, aswell as running royalties for the license.
- NanoCarrier will pay Debiopharm for the use of Debiopharm's data orintellectual property upon registration in Japan.
Debiopharm will be fully responsible for the development of DACH-PlatinPolymeric Micelle. The collaboration between the two companies started in2005, when NanoCarrier granted Debiopharm the exclusive option to license-ina DACH-platin-PEG-polyglutamic acid (DACH Platin MediCelle(TM)) fromNanoCarrier, for use in oncology.
About DACH-Platin Micelle
DACH-platin is an active metabolite of Oxaliplatin, which shows strongeranticancer activity. Oxaliplatin is an anticancer drug effective againstprogressive and relapsed colon cancer. However, it may cause severeperipheral neuropathy like numbness. Because of its hydrophobic feature, itwas difficult to formulate DACH-platin, but by using micellar nanoparticles,we believe we can develop a new, more effective DACH-platin anticancer drugwith possible lower side effects.
The basic technology of this formulation was invented by ProfessorKataoka of the University of Tokyo. The technology was licensed in fromTOUDAI TLO Ltd. The basic Japanese patent for DACH-platin micelle has beengranted as Patent No. 39955992 in May 2007.
About Debiopharm Group
Debiopharm Group is a global biopharmaceutical development specialistthat in-licenses promising biologics and small molecule drug candidates.Debiopharm develops its products for global registration and maximumcommercial potential for out-licensing to pharmaceutical partners for salesand marketing.
Debiopharm independently funds the worldwide development of all of itsproducts while providing expertise in pre-clinical and clinical trials,manufacturing, drug delivery and formulation, and regulatory affairs.
Founded in 1979 and headquartered in Lausanne, Switzerland, Debiopharmhas developed three products: Eloxatin(R), Decapeptyl(R) and Trelstar(R) withglobal combined sales in excess of $2.6 billion in 2006.
For more information on Debiopharm Group, please visit:http://www.debiopharm.com.
About NanoCarrier Co., Ltd.
NanoCarrier is a biotech that focuses on the research and development ofdrugs primarily in the field of cancer with micellar nanoparticlestechnology. Micellar nanoparticles (also known as polymeric micelle) areformed from biocompatible block copolymers which consist of a hydrophilicpolymer, polyethyleneglycol (PEG), and a hydrophobic polymer, polyamino acidderivative.
By encapsulating drugs efficiently inside, micellar nanoparticles work asfunctional particles that stay in bloodstream for a long period of time anddeliver drugs preferentially to targeted sites, thus minimizing unfavourableside effects and improving the
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