E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/2/2006 in the Prospect News Biotech Daily.

NPS, GlaxoSmithKline announce clinical advancement of calcilytics program

By Elaine Rigoli

Tampa, Fla., May 2 - NPS Pharmaceuticals, Inc. confirmed Tuesday that the lead calcilytic compound under development by collaborator GlaxoSmithKline has successfully completed a proof-of-concept trial and should be advanced into later-stage studies.

These compounds are the result of a 1993 collaborative research and license agreement between the companies.

Under the agreement, NPS will receive royalties on global product sales and has the right to co-promote products resulting from the collaboration with GlaxoSmithKline in North America, according to a news release.

Calcilytics work by antagonizing calcium-sensing receptors on the surface of the parathyroid gland, thereby triggering a transient release of the body's own stores of parathyroid hormone.

This release of parathyroid hormone may have the potential to rebuild some of the bone mass lost as a result of osteoporosis and improve overall bone microarchitecture in these patients.

GlaxoSmithKline is a global pharmaceutical company based in London.

NPS, located in Salt Lake City, develops small molecules and recombinant proteins as drugs, primarily for the treatment of metabolic, bone and mineral and central nervous system disorders.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.