Nanotechnology-Based Biopharmaceutical Company Signs License Agreement with Calando Pharmaceuticals

Cerulean Pharma Inc., a privately-held biopharmaceutical company focused on the development of novel, nanotechnology-based therapeutics in the areas of oncology, cardiovascular, autoimmune and inflammatory diseases, announced today that it has entered into an exclusive, worldwide license agreement with Calando Pharmaceuticals, Inc., a majority-owned subsidiary of Arrowhead Research Corporation (NASDAQ: ARWR). Calando will receive an upfront payment as well as development and sales milestones and sales royalties.

Under the terms of the agreement, Cerulean has acquired worldwide exclusive rights to Calando’s proprietary cyclodextrin co-polymer based drug delivery technology to develop and commercialize therapeutic products arising from application of this technology. Additionally, Cerulean has acquired worldwide exclusive rights to develop and commercialize Calando’s clinical stage anti-cancer product candidate, IT-101, a camptothecin nanoparticle with a highly differentiated and promising pre-clinical foundation that has just successfully progressed through a Phase 1 clinical trial.

Calando’s cyclodextrin co-polymer based drug delivery technology was originally developed by world-renowned chemical engineering scientist Professor Mark Davis and exclusively licensed from California Institute of Technology. This technology incorporates biologically compatible components and enables formulation of self-assembled nanoparticles for pharmaceutical product development. Highly complementary to Cerulean’s platform technologies, the cyclodextrin co-polymer based technology adds to the breadth and scope of Cerulean’s efforts. With IT-101 as the first-in-human product candidate of the technology, promising results from the completed Phase 1 study have provided strong proof-of-principle that this technology can provide a dramatic improvement in drug pharmacokinetics and safety.

“Calando’s cyclodextrin co-polymer based technology is founded on elegant chemistry, and the integration of this platform into our program fully leverages the expertise and capabilities that we have built,” said Dr. Oliver Fetzer, President and Chief Executive Officer of Cerulean. “We look forward to applying the technology against a range of product opportunities, as well as further advancing IT-101 in the clinic.”

“We believe strongly in IT-101 and the cyclodextrin co-polymer based delivery platform,” stated Arrowhead’s President and Chief Executive Officer, Dr. Christopher Anzalone. “Cerulean is well-positioned to further develop these assets given its focus on nanoparticle-based drugs, strong financial position, and high quality management team. We look forward to our mutual future success.”

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Cerulean Pharma. (2019, March 19). Nanotechnology-Based Biopharmaceutical Company Signs License Agreement with Calando Pharmaceuticals. AZoNano. Retrieved on October 03, 2024 from https://www.azonano.com/news.aspx?newsID=12217.

  • MLA

    Cerulean Pharma. "Nanotechnology-Based Biopharmaceutical Company Signs License Agreement with Calando Pharmaceuticals". AZoNano. 03 October 2024. <https://www.azonano.com/news.aspx?newsID=12217>.

  • Chicago

    Cerulean Pharma. "Nanotechnology-Based Biopharmaceutical Company Signs License Agreement with Calando Pharmaceuticals". AZoNano. https://www.azonano.com/news.aspx?newsID=12217. (accessed October 03, 2024).

  • Harvard

    Cerulean Pharma. 2019. Nanotechnology-Based Biopharmaceutical Company Signs License Agreement with Calando Pharmaceuticals. AZoNano, viewed 03 October 2024, https://www.azonano.com/news.aspx?newsID=12217.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.