PolyTherics licences novel optimised biopharmaceuticals to Celtic Pharma

Published: 13-May-2009
Ingredients Research & Development Pharmaceutical

UK-based Biopharmaceuticals company PolyTherics has granted Celtic Pharma Development Services Bermuda Ltd an exclusive licence to develop and commercialise the first novel biotherapeutic discovered in its recent collaboration.


UK-based Biopharmaceuticals company PolyTherics has granted Celtic Pharma Development Services Bermuda Ltd an exclusive licence to develop and commercialise the first novel biotherapeutic discovered in its recent collaboration.

PolyTherics has developed and patented an innovative approach to PEGylation, known as TheraPEG, to prolong the half-life of proteins for therapeutic application and the initial collaboration with Celtic Pharma started just over twelve months ago. It was aimed at generating modified biologics with improved half-life and predictable bioactivity.

PolyTherics receives an upfront licence fee with clinical and regulatory milestones as well as royalties on eventual product sales. Further details of the agreement terms were not disclosed.

Celtic Pharma currently has a portfolio of nine novel pharmaceutical products in clinical development across a range of therapeutic areas.

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