PBF-2897 represents a novel co-crystal form of PBF-680, which is a potent, non-BBB permeable, adenosine A1 receptor antagonist as a first in class oral treatment of respiratory diseases as asthma and COPD currently in Phase II clinical trials. The PBF-2897 project is scheduled for completion in 2019.
“Palobiofarma and Idifarma have had a strong relationship for most of the decade, successfully working together on six projects since 2012, and this latest project extends and strengthens that relationship,” said Luis Oquiñena, general manager and co-founder of Idifarma. "With this project, Palobiofarma will have continued access to Idifarma's specialist capabilities and top-class manufacturing site as well as providing them with a trustworthy and flexible partner for development of their novel drugs and manufacturing and packaging for clinical trials. We are very proud to be working with and supporting biotechs like Palobiofarma from Phase I studies through to Phase II/III and even commercialisation and to see the positive impact for patients and the healthcare industry.”
Co-founder and chief executive officer of Palobiofarma Julio Castro said, “This latest agreement with Idifarma is testament to the successful collaboration between the two companies so far. We value the commitment, seriousness and quality of Idifarma as one of our best collaborators. Without them it would not have been possible for Palobiofarma to successfully bring seven different novel drugs into clinical development.”
Idifarma recently invested in both capsule filling and spray drying capabilities to strengthen its position as a specialised contract partner for the development and manufacturing of oral solid dosage forms, including high potency compounds and niche pharmaceuticals requiring small commercial and clinical batches.