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Article: Gilead and LG Life Sciences Announce Global License Agreement to Advance Novel Drug Candidates for Treatment of Fibrotic Diseases.
- Article from:
- Business Wire
- Article date:
- November 7, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FOSTER CITY, Calif. & SEOUL, South Korea -- Gilead Sciences, Inc. (Nasdaq:GILD) and LG Life Sciences, Ltd. (LGLS) today announced that the companies have entered into an exclusive license agreement focused on the development of caspase inhibitors for the treatment of fibrotic diseases. The agreement grants Gilead commercialization rights to LGLS' caspase inhibitors, including LB84451, LGLS' lead compound. LB84451 is an investigational pan-caspase inhibitor currently being evaluated in a Phase IIa clinical trial in patients chronically infected with the hepatitis C virus.
Under the terms of the agreement, Gilead will pay LGLS a USD 20 million upfront license ...