AdAlta and XL-protein in deal to develop long-acting version of lead fibrosis candidate AD-114
Australian biotech AdAlta (ASX: 1AD) and privately-owned German firm XL-protein GmbH have agreed a collaboration to develop a long acting form of AD-114, a new drug candidate for fibrosis therapy.
AD-114 is AdAlta’s lead i-body drug candidate being developed for idiopathic pulmonary fibrosis (IPF) and a variety of other fibrotic and inflammatory diseases.
"We aim to progress AD-114 towards the clinic by early 2018"
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