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Biocon limited, Amylin pharmaceuticals enter global development agreement | Biocon Limited and
Amylin Pharmaceuticals announced today that they have entered into an exclusive agreement to jointly develop, commercialize and manufacture
a novel peptide therapeutic for the potential treatment of diabetes. Amylin and
Biocon will collaborate to develop the therapeutic potential of the compound and
share development costs. Research will center on Amylin's "phybrid" technology.
A phybrid is a peptide hybrid molecule that combines the pharmacological effects
of two peptide hormones into a single molecular entity. Under the terms of the
Development and Commercialization Agreement, Amylin will provide expertise in
peptide hormone development, particularly in the area of phybrid technology, as
well as metabolic disease therapeutics. Biocon will utilize its expertise in recombinant
microbial expression to manufacture the compound and also leverage its experience
in pre-clinical and clinical development of diabetes products. "This agreement
fully leverages the synergistic capabilities of the two companies," said Kiran
Mazumdar-Shaw, Chairman and Managing Director, Biocon, Ltd. "Amylin's knowledge
of peptide therapeutics and their leadership in the diabetes market, paired with
Biocon's capabilities in process development, manufacturing and clinical development,
provides this global program with the potential to effectively bring a novel therapy
to patients living with diabetes." "This program could unleash the potential of
cutting-edge peptide science to transform the lives of patients with diabetes,"
said Daniel M. Bradbury, President and Chief Executive Officer, Amylin Pharmaceuticals.
"We are pleased to work with Biocon, a biologics innovator and world-class manufacturing
expert, and look forward to collaborating with them on this exciting program."
Amylin Pharmaceuticals is a biopharmaceutical company committed to improving lives
through the discovery, development and commercialization of innovative medicines. |
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