Z-Cube and Yissum Sign a Licensing Agreement for the Development of a Nanotechnology Drug Delivery System
News Jun 01, 2009
Z-Cube Srl, the corporate venture arm of Zambon Company SpA, and Yissum Research Development Company Ltd., the technology transfer company of the Hebrew University of Jerusalem, announced that they have entered into a license agreement for Z-Cube to develop and commercialize an innovative nanotechnology drug delivery system for the treatment of pain.
The technology was invented by Professor Elka Touitou from the Department of Pharmaceutics, Faculty of Medicine, at the Hebrew University of Jerusalem.
Under the terms of the agreement, Z-Cube has received the worldwide exclusive right to develop and commercialize the technology for pain applications and will sponsor a research program to be conducted by Prof. Touitou and her group. Z-Cube has also received the right to grant sublicenses. Yissum will receive license fees, milestones and royalty payments.
"We are pleased to partner with Z-Cube, a world leader in the commercialization of drug delivery technologies," said Yaacov Michlin, CEO of Yissum. "Our novel drug delivery system has the potential to enable relief of both mild and severe pain quickly and efficiently."
The work of Prof. Touitou, a worldwide authority in the drug delivery field, focuses on the design of novel carriers for enhanced drug absorption and efficiency. Two start-up companies have been established and are active in the development of various novel pharmaceutical products that are based on her previously-developed technologies.
“This innovative drug delivery system is a powerful tool enabling the development of improved medicines for the treatment of pain,” said Lorenzo Pradella, Ph.D., Business and Operational Development Director of Z-Cube. “Patients suffering from pain will benefit from this new approach that promises to generate upgraded and easier to use therapeutics.”
Bicycle Therapeutics Expands Strategic Partnership with AstraZenecaNews
New programs added in respiratory and cardio-metabolic diseases.READ MORE
Helping Dental Aligners Fight Off BacteriaNews
Clear, plastic aligners have been growing in popularity as alternatives to bulky, metal braces. And once the teeth are straightened, patients graduate to plastic retainers to maintain the perfect smile. But these appliances can become contaminated, so one group have developed a film to prevent bacteria from growing on them.READ MORE
Worldwide Clinical Trials Receives 2018 CRO Leadership AwardsNews
Life Science Leader and Industry Standard Research assess 70 contract research organizations, honoring Worldwide Clinical Trials for fifth consecutive year.READ MORE