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Mar 13, 2007

VentiRx’ Deal with Array Enhances its Postion in TLR-based Therapeutics

  • VentiRx Pharmaceuticals obtained exclusive, worldwide rights to Array BioPharma’s Toll-like receptor (TLR) program. The program contains a number of development candidates targeting TLRs to activate innate immunity. VentiRx expects to develop its first two candidates in oncology and allergy.

    "These novel small molecule compounds from Array represent a significant opportunity for VentiRx and are ideally suited for our core competencies," says Michael Kamdar, executive vp and CBO at VentiRx. "This licensing agreement, coupled with our $28.9 million financing, puts us in a strong position to develop novel TLR-based therapeutics."

    Array will receive an equity stake in VentiRx, an upfront payment, potential milestones, and royalties on product sales. Array also retains the option to acquire a 50% ownership position in all VentiRx clinical oncology products developed.



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Scientifically Studying Ecstasy

MDMA (commonly known as the empathogen “ecstasy”) is classified as a Schedule 1 drug, which is reserved for compounds with no accepted medical use and a high abuse potential. Two researchers from Stanford, however, call for a rigorous scientific exploration of MDMA's effects to identify precisely how the drug works, the data from which could be used to develop therapeutic compounds.

Do you agree that ecstasy should be studied for its potential therapeutic benefits?

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