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Nano Terra, Kadmon sign deal to license novel product candidates

April 20, 2016

Commenting on the agreement, Samuel D. Waksal, Ph.D., Chairman and CEO of Kadmon, said: "Our development approach seeks to combine targeted drug candidates, acquired or internally developed, with innovative clinical strategies focused on sub-categories of disease, as determined by genetics, genomics, and other personalizing factors. This transaction brings to Kadmon remarkably well-developed clinical compounds targeting important pathways of disease as well as a powerful discovery engine, both having benefited from substantial investment to date. These assets continue the expansion of our pipeline and align with our strategic vision for advancing novel compounds derived from leading science."

Myer Berlow, CEO of Nano Terra, said: "The ability to make intricate chemical changes which enable or increase the effectiveness of pharmaceutics in addressing diseases is one of the great promises of nanotechnology. This partnership will bring that promise closer to reality."

He added: "Our agreement with Kadmon represents the successful application of Nano Terra's proven co-development model and the expansion of our chemistry and nanotechnology expertise into the life sciences. Kadmon offers tremendous scientific and clinical expertise, unique insights on drug development, as well as a record of significant value creation. We look forward to collaborating with them on this exciting and promising venture."

Source: KADMON PHARMACEUTICALS