Hanmi Pharmaceuticals Signs an Exclusive License Agreement with Janssen to Develop Treatment for Diabetes, Obesity

Hanmi Pharmaceuticals Co., Ltd. today announced that it has entered into an exclusive license, agreement with Janssen Pharmaceuticals, Inc.

, for the development and commercialization of oxyntomodulin-based therapies including Hanmi's HM12525A (LAPSGLP/GCG), a novel biologic GLP-1/Glucagon dual receptor agonist to treat diabetes and obesity, which is expected to enter Phase 2 studies next year. HM12525A is an oxyntomodulin-based therapy (GLP-1/glucagon receptor dual agonist) that has shown evidence of improving multiple metabolic parameters that lead to improved blood glucose, body weight, and insulin sensitivity. This asset has the potential, as a once weekly therapy, to be a best-in-class oxyntomodulin-based therapy.