Source: Intarcia Therapeutics, Inc. & reported by http://www.prnewswire.com/
BOSTON and SAN DIEGO, Jan. 9, 2017 /PRNewswire/ -- Intarcia Therapeutics, Inc. and the California Institute for Biomedical Research (Calibr) today announced a strategic research collaboration focused on the development of a novel peptide therapeutic leveraging Calibr's Stapled-Peptide Platform Technology. Intarcia plans to develop and administer this novel therapy in combination with Exenatide (a GLP-1 receptor agonist and active agent in Intarcia's ITCA 650 product), by leveraging its proprietary Medici Drug Delivery SystemTM.
Under the terms of the agreement, Calibr will receive an upfront grant of Intarcia equity, with additional shares vesting over key development milestones, as well as undisclosed cash payments on achievement of predetermined regulatory and sales milestones. In addition to the milestone payments, Calibr will be eligible to receive tiered royalties on product sales.
Kurt Graves, Chairman, President and CEO of Intarcia Therapeutics, commented: "We are committed to disruptive innovation leveraging our proprietary Medici Drug Delivery SystemTM and we now have several combination products in our pipeline that we believe we can uniquely optimize and deliver in a once- or twice-yearly mini-pump. We're excited to advance a combination program with Calibr that is targeting significant advances for patients suffering from type 2 diabetes and obesity."
Read more: http://www.prnewswire.com/news-releases/intarcia-and-calibr-announce-collaboration-and-in-licensing-deal-aimed-at-delivering-a-next-generation-combination-product-for-diabetes-and-obesity-300387513.html