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Shin Poong to develop and market ALM201 in South Korea
April 29, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
Almac Discovery has licensed its novel anti-angiogenic peptide ALM201 to Shin Poong Pharmaceutical Co. Ltd. for clinical development and marketing in South Korea. Almac will receive an undisclosed upfront payment, milestones and royalties. Almac Discovery will pursue its own development program in Europe and is seeking partners for ALM201 in all other territories. ALM201 is a highly potent anti-angiogenic peptide targeted to cells expressing CD44 and acts by inhibiting migration of vascular en...
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