Strategic collaboration focussed on the development of an optimised drug for a metabolic condition using Poolbeg’s licensed oral delivery technology
Collaboration may expand to a full licensing agreement
Poolbeg Pharma (LON:POLB, OTCQB: POLBF), a clinical-stage biopharmaceutical company targeting diseases with a high unmet medical need, has announced that it has signed a strategic collaboration agreement with a Nasdaq listed biopharma company for the development of an optimised oral drug to treat a metabolic condition.
Under the agreement, the Company will receive funding to work with its new partner to produce a prototype drug utilising Poolbeg’s licensed oral delivery technology*. Poolbeg Pharma believes that this technology can help to optimise the delivery of its partner’s novel drug to its ideal site of therapeutic action.