LEIDEN, NETHERLANDS--(MARKET WIRE)--Nov 12, 2008 -- As part of the Company's recently announced strategic focus on developing controlled release formulations for clients, OctoPlus N.V. ("OctoPlus" or "the Company") (Euronext: OCTO) announces today that it has signed a new drug delivery technology evaluation contract with a US-based biotech company.
On 6 October, OctoPlus announced a licensing agreement with Biolex Therapeutics, to license Locteron®, a product based on OctoPlus' PolyActive® drug delivery technology, to Biolex. OctoPlus' strategy will increasingly focus on developing controlled release versions of existing or new drugs for clients, in addition to providing general formulation development and clinical material manufacturing. Currently, OctoPlus is working on five projects to develop a controlled release formulation for a client.
Under the contract announced today, OctoPlus will evaluate the feasibility of a controlled release formulation that combines the active ingredient of the client with OctoPlus' proprietary drug delivery technology. If the evaluation is successful, the contract may progress to a full process development, manufacturing and licensing agreement.‹
#msg-17141398 (02/16/07): Listing of biodegradable polymers purchased by SRDX from OCTO (see also: #msg-12262367)
Locteron & OctoPlus’ Collaboration with Biolex
Locteron, controlled release interferon alpha 2b, provides a once-every-two weeks dosing schedule reducing side effects, including flu-like symptoms, associated with pegylated interferons, the standard of care in treatment of hepatitis C.
#msg-36969497 (04/12/09): Locteron is placed in the third category on Dew’s list of HCV drugs most likely to succeed.
#msg-32924615 (10/06/08): OCTO’s agreement with Biolex regarding Locteron. Locteron combines OCTOs PolyActive® drug delivery technology with BLX-883, a recombinant alfa interferon produced by Biolex Therapeutics using transgenic-plant technology. (see also #msg-32662307; #msg-32662762, #msg-30621154)