From Earlier: OXiGENE In-Licenses Rights to Promising Program for Neuroendocrine Tumors
OXiGENE, Inc. (Nasdaq: OXGN) announced yesterday the establishment of an exclusive, worldwide licensing agreement with Angiogene Pharmaceuticals Ltd., a U.K.-based drug development company, for data, development plans, know-how, patents and other intellectual property rights relative to their vascular disrupting agent (VDA) program for neuroendocrine cancers, focused specifically on carcinoid syndrome. OXiGENE plans to leverage these assets for the development and potential commercialization of ZYBRESTAT to treat carcinoid syndrome associated with metastatic carcinoid and neuroendocrine tumors, which represents a large and growing market opportunity with significant unmet medical need.
Combined with OXiGENE's previous research and development work in this indication, the Company believes that these in-licensed assets provide a compelling therapeutic rationale to conduct a Phase 2 clinical study in persistent carcinoid syndrome, potentially to be followed by advancing to a registration clinical program.
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