Amarantus Bioscience forms two new companies in restructuring operation
USA-based Amarantus Bioscience (OTCQX: AMBS) has formed a wholly-owned subsidiary named Elto Pharma to develop eltoprazine, a therapeutic candidate discovered by Solvay Pharmaceuticals.
Elto Pharma will focus on creating commercial development opportunities for the small molecule, which has successfully completed Phase II clinical studies in Adult ADHD, Alzheimer's Aggression and Parkinson's LID.
At the same time, Amarantus has formed the wholly-owned subsidiary MANF Therapeutics, for the purpose of the continued pre-clinical development of the company’s MANF program, making use of the PhenoGuard protein discovery engine.
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