AnGes deal with Mitsubishi Tanabe Pharma for Collategene in USA
AnGes MG (TYO: 4563) has concluded a basic agreement with fellow Japanese drugmaker Mitsubishi Tanabe Pharma (TYO: 4508) for the exclusive marketing rights of Collategene (DNA plasmid with HGF gene) as a treatment for peripheral arterial disease (PAD) in the USA.
AnGes has been seeking for a partner to pursue the global Phase III study regarding Collategene as a treatment for critical limb ischemia (CLI), the severe stage of arteriosclerosis obliterans and Buerger's disease
Once the contract regarding the exclusive marketing rights is concluded, AnGes will receive undisclosed upfront payments and milestone payments. AnGes believes that it can maximize the asset value of Collategene by conducting a prompt global Phase III study centered in the USA which has the biggest market in the world.
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