Colby Pharma acquires Othera

20 September 2012

Colby Pharmaceutical, a privately held California-based biopharmaceutical company, says that it has acquired fellow US drugmaker Othera Pharmaceuticals. Financial terms of the transaction were not disclosed.

With this acquisition, Colby says it has amassed a leading portfolio of proprietary small-molecule compounds for Nrf-2 regulated diseases characterized by oxidative stress injury.

Colby’s chief executive David Zarling stated: "We look forward to continuing clinical development of OT-551, OT-440 and other related novel and patented small molecules with strong data demonstrating their ability to target oxidative stress related diseases, including cancer and other conditions caused by chronic inflammation."

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