Seikagaku licenses lumbar disc herniation product to Kaken
Japanese companies Seikagaku Corp (TYO: 4548) and Kaken Pharmaceutical (TYO: 4521) have concluded a basic agreement concerning exclusive marketing rights in Japan for SI-6603 (condoliase), indicated for treatment of lumbar disc herniation. The companies plan to execute a final agreement at the end of 2012. No financial terms of the accord have as yet been disclosed.
Seikagaku is conducting clinical development of SI-6603 in Japan and the USA. In Japan, the product is in Phase III clinical trial. Seikagaku aims to promptly conduct this trial so as to obtain approval in the shortest possible time.
Characteristics of SI-6603
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