OctoPlus announces expansion of drug delivery contract with top-5 pharmaceutical company
Published : Thursday, January 5, 2012
OctoPlus announced that it has won an expansion of its drug delivery technology evaluation contract with an existing client, a top-5 global pharmaceutical company.
OctoPlus has performed feasibility work for previous compounds of this client in 2009 and 2010 and those studies have been successful. Pre-clinical studies performed with the prototype controlled release formulation were also successful.
Under this contract, OctoPlus will develop a controlled release formulation that combines the client’s optimized product candidate with our proprietary drug delivery technology PolyActive®. If the project is successful, the contract may progress to a full process development and manufacturing contract, and a licensing agreement.
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