BioLineRx inks deal with Compugen
Israeli biopharma company BioLineRx (TASE: BLRX) has entered into a collaboration with fellow Israel-based Compugen (Nasdaq: CGEN) to develop and commercialize mutually selected Compugen-discovered drug candidates for the treatment of various diseases, ranging from acute and chronic inflammatory diseases through cardiac diseases, retinopathy and cancer.
Under the terms of the accord, financial terms of which were not revealed, Compugen will provide promising drug candidates, primarily peptides, which were identified using its predictive drug discovery platforms, while BioLineRx will develop these candidates through Phase II clinical trials, with the goal of ultimately licensing them to pharmaceutical companies for advanced clinical development and commercialization.
Three peptides selected
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