Starpharma expands accord with AstraZeneca
Australian biotech firm Starpharma (ASX: SPL) has signed a second, expanded agreement with Anglo-Swedish drug major AstraZeneca (LSE: AZN) in the field of cancer medicine using Starpharma’s proprietary DEP dendrimer drug delivery technology.
The agreement follows on from an evaluation by AstraZeneca which began in September 2012 of Starpharma’s delivery technology. The new agreement will see the application of Starpharma’s technology to a cancer drug from AstraZeneca’s pipeline.
Under the new accord, AstraZeneca will provide funding for a preclinical stage cancer research program to be conducted jointly. Starpharma chief executive Jackie Fairley said the new deal does not yet involve milestone payments to Starpharma but allows the company's technology to be applied to a broader range of drugs.
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