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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients
ScinoPharm and Foresee Pharmaceuticals to form drug development JV
12:48 PM MST | February 4, 2013 | Vincent Valk
ScinoPharm (Tainan, Taiwan) and Foresee Pharmaceuticals (Newark, DE) have signed a joint venture agreement under which they will develop injectable peptide drugs, starting with a Leuprolide oncological drug, the companies say. The jv involves a $3.6-million investment from ScinoPharm, and will develop a treatment for prostate cancer. Other details of the jv agreement have not been disclosed. The new drug will be in the Phase III clinical trial in the United States by late 2013, the companies say. If the drug is approved by US authorities, it will be...
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