Celltrion deal shows potential beyond biosimilars

1 June 2018

South Korean company Celltrion Healthcare (KRX:068270) is already proving itself to be one of the leaders globally in biosimilar drug development, but a new deal is a sign of its potential as a developer of new biopharmaceuticals.

The company has signed an agreement with Seoul-based Yonsei University Health System on the joint development and license-in of Fc-Saxatilin, a candidate drug for ischemic strokes, in a bid to develop new drugs for cerebrovascular diseases.

They will conduct joint development for the optimization of the Fc-Saxatilin molecule, after which Celltrion will have an option for the exclusive worldwide license to conduct clinical trials, to obtain approvals, and to commercialize the drug.

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