Anji Pharmaceuticals, Inc. (Anji or the Company) announced today it has licensed pradigastat, an inhibitor of acyl coA: diacylglycerol acyl transferase (DGAT1), from Novartis (NYSE: NVS). Pradigastat is a well-characterized molecule which has progressed to Phase 3 clinical testing. Anji has secured rights to pursue new indications for pradigastat, with an initial focus on regulatory approval in China. In exchange, Anji has agreed to make a one-time upfront payment of US $2.0M to Novartis, with additional cash payments and downstream royalties due upon reaching regulatory and sales milestones.
With its platform of using human genetic data to drive target selection, Anji is focused on growing and progressing its clinical and pre-clinical pipeline. Anji has established a nimble and experienced clinical team to advance novel treatment paradigms, especially in under-served patient populations. This strategy reflects Anjis mission to rapidly bring life-changing therapies to patients and synchronize the clinical development of innovative medicines across the world.
Anji Pharmaceuticals is a clinical stage company dedicated to addressing unmet need by identifying well-characterized compounds for accelerated development in China and rest of the world. More information is available at anjipharma.com.
WANT TO BUILD A FINANCIAL EMPIRE?
Subscribe to the Global Banking & Finance Review Newsletter for FREE Get Access to Exclusive Reports to Save Time & Money
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.