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OctoPlus N.V.

OctoPlus N.V.

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Publicatie datum 10 jan 2012 - 22:53
Statutaire naam OctoPlus N.V.
Titel OctoPlus announces agreement with leading pharmaceutical company for development of a controlled release formulation
Bericht OctoPlus N.V. (“OctoPlus” or the “Company”) (Euronext: OCTO), announces today that it has signed a feasibility agreement with a leading US-based pharmaceutical company, aimed at developing a controlled release formulation of the client’s therapeutic compound for local delivery into joints. The contract announced today covers initial activities in developing a controlled release formulation of an undisclosed compound using our proprietary drug delivery technology PolyActive®. If the evaluation is successful, the project may progress into a full development, manufacturing and licensing agreement. Financial terms of the current agreement are not disclosed.