Edesa Biotech, Inc. (NASDAQ:EDSA), a clinical-stage biopharmaceutical company focused on inflammatory and immune-related diseases, announced today that it has entered into a definitive license agreement under which the company, through a subsidiary, has acquired additional global rights to a non-steroidal anti-inflammatory technology that forms the basis of the company's EB01 and EB02 drug candidates.
The license agreement, with the technology's inventor, provides Edesa with development and commercialization rights to multiple patent families as well as know-how related to the underlying technology. Edesa previously licensed this drug technology from Hebrew University of Jerusalem for topical dermatology and certain gastrointestinal indications, and through this additional license agreement now holds exclusive global rights for all fields of use in humans and animals.
Par Nijhawan, MD, Chief Executive Officer of Edesa, said that the move bolsters the company's strategic position on a key inflammatory pathway ahead of an upcoming clinical milestone. "This agreement significantly strengthens the breadth of our intellectual property position for a proprietary technology that we believe could have broad utility across multiple indications." He noted that the agreement was structured to minimize immediate cash outlays.
Edesa recently announced that it has completed enrollment of the first cohort of a Phase 2b clinical study evaluating EB01 as a monotherapy for chronic Allergic Contact Dermatitis (ACD), a potentially debilitating condition and occupational illness. The company plans to initiate a blinded interim analysis once all subjects in the first cohort complete the 28-day treatment. In two previous clinical studies, EB01 has demonstrated significant improvement of multiple symptoms in ACD patients.
https://finance.yahoo.com/news/edesa-biotech-expands-rights-anti-114500698.html
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