NanoBio and GSK sign licensing agreement for cold sore treatment

Published: 17-Dec-2009

Biopharmaceutical firm NanoBio Corporation of Ann Arbor, Michigan, US and drugmaker GlaxoSmithKline (GSK) have agreed an exclusive licensing deal in the US and Canada for the over-the-counter use of NB-001, a patented compound for the treatment of cold sores. Developed by NanoBio, NB-001 is said to be an effective treatment against the herpes labialis virus that causes cold sores.


Biopharmaceutical firm NanoBio Corporation of Ann Arbor, Michigan, US and drugmaker GlaxoSmithKline (GSK) have agreed an exclusive licensing deal in the US and Canada for the over-the-counter use of NB-001, a patented compound for the treatment of cold sores. Developed by NanoBio, NB-001 is said to be an effective treatment against the herpes labialis virus that causes cold sores.

NanoBio has completed two Phase 2 clinical trials of NB-001, demonstrating clear efficacy and a good safety profile in patients and plans to enter Phase 3 testing soon.

Under the terms of the agreement, NanoBio will receive an upfront payment of US$14.5m, and is eligible to receive milestones of up to US$40m plus single-digit royalties on future sales.

GSK already offers Abreva, which is said to be the leading cold sore treatment with a greater than 50% share. It is the only OTC medicine approved by the US Food & Drug Administration that is proven to shorten cold sore healing time.

"I am pleased to announce this partnership with GSK as it will enable the development and commercialisation of NB-001 to its fullest potential," said James Baker, NanoBio's ceo and founder.

"On a broader scale, this partnership further validates the promise of our proprietary platform technology, and its potential use in a wide range of dermatological and anti-infective applications."

Roger Scarlett-Smith, president, GSK Consumer Healthcare North America, said: "With Abreva, we have a very effective cold sore treatment in the category and look forward to building on that platform with this new technology from NanoBio."

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