Sanofi-Aventis and CureMD sign $335M Deal on Diabetes Cure Development

Shares

Sanofi-aventis announced that it has signed a global license agreement with CureDM Group on a novel human peptide, Pancreate™, which could restore a patients’ ability to produce insulin and other pancreatic hormones in both type 1 and type 2 diabetes. Pancreate™ is a bioactive peptide sequence of a naturally occurring human protein that has been shown in preclinical studies to stimulate the growth of new insulin producing islets in the pancreas, resulting in restoration of normal metabolic function and glucose control in the blood. The commencement of Phase I studies is planned for later this year.
Sanofi-aventis will have exclusive worldwide license to develop, manufacture and commercialize Pancreate™ and related compounds. CureDM will receive an upfront payment, as well as development, regulatory and commercial milestone payments. All such payments could reach a total of US$ 335 million. CureDM will also receive tiered royalties on worldwide product sales.

1
Leave a Reply

avatar
3000
1 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
1 Comment authors
Charles Flynn Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Charles Flynn
Charles Flynn

My son and grandson are type 1 diabetics. Hearing the news of your development of Pancreate we are obvilously extremely interested in being involved in any program Sanofi-aventis has to offer. Please be so kind to advise if this is possible,  Thankyou   Charles Flynn

Copyright © 2009-2018 Diabetes Media Foundation, All Rights Reserved.
ASweetLife™ is a trademark of the Diabetes Media Foundation, All Rights Reserved.