Breaking News

Sirona Biochem, Wanbang Bio Enter SGLT2 Inhibitor Agreement

By Kristin Brooks | January 27, 2014

Wanbang gains an exclusive license to anti-diabetic treatment in China

Sirona Biochem Corp. has entered an agreement with Wanbang Biopharmaceuticals, providing Wanbang an exclusive license to develop and commercialize its anti-diabetic SGLT2 inhibitor in the People's Republic of China. Sirona will receive upfront and milestone payments of as much as $9.5 million, as well as royalties on sales.
Wanbang will be responsible for all funding, clinical development, regulatory requirements, manufacturing, sales and marketing of the SGLT2 inhibitor in China, and will share all data generated from its clinical studies, increasing the value of Sirona's SGLT2 inhibitor for licensing in the rest of the world.
"We are proud to work with Wanbang Biopharma in the continued development of our SGLT2 inhibitor as treatment for this global epidemic," said Neil Belenkie, chief executive officer of Sirona Biochem.

Related Contract Manufacturing:

blog comments powered by Disqus
  • The Human Parts of Mouse Models

    The Human Parts of Mouse Models

    Julia Schueler, Head of in vivo Operations, Oncotest, a Charles River company ||October 11, 2016
    The PDX model system has come back into focus

  • Choosing Oral Formulations for First-in-man Clinical Trials

    Choosing Oral Formulations for First-in-man Clinical Trials

    Jon Sutch, Senior Manager of Formulation Development, Patheon||October 11, 2016
    Early formulations should be simple, but selecting a simple formulation isn’t as easy as it seems

  • Robust Assay Designs

    Robust Assay Designs

    Tim Wright, Editor, Contract Pharma||October 11, 2016
    Easing the transition from preclinical to clinical research