Tokyo, Apr 8, 2006 (JCN) - Kissei Pharmaceutical announced on April 6 that it has concluded a licensing agreement with GlaxoSmithKline (GSK) for KGA, Kissei Pharmaceutical's proprietary candidate compound for diabetes drug.
Under the agreement terms, GSK will be able to exclusively develop and market the agent worldwide except in Japan, Korea, China and Taiwan, in exchange for making an upfront payment, milestone payments on product development, and royalties on future sales to Kissei Pharmaceutical.
KGA is a selective inhibitor for SGLT1 (sodium-dependent glucose transport 1) which inhibits intestinal sugar absorption and improves postprandial hyperglycemia. Currently, Kissei Pharmaceutical undertakes nonclinical studies of the agent. Going forward, GSK will proceed with clinical studies abroad.
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