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Korea's GC Pharm inks a deal with Lee's Pharmaceutical

14 February 2018 | News

The deal gives Lee's Pharm exclusive rights to develop and commercialize GC's anticoagulant candidate drug for the greater China and South East Asian market

Image Courtesy- chrislema.com

Image Courtesy- chrislema.com

Korea’s GC Pharma and Lee's Pharmaceutical have joined hands and inked an agreement that grants Lee's Pharm exclusive rights to develop and commercialize GCC-4401C, GC Pharma's investigational oral Factor Xa inhibitor anticoagulant which currently completed Phase I clinical development in the U.S. for the prevention and treatment of thromboembolic disease.

The deal gives Lee's Pharm exclusive rights to develop and commercialize the anticoagulant for the greater China and South East Asian market. GC Pharma will receive an undisclosed up-front payment and is eligible to receive milestone payments and royalties on future net sales.

GC Pharma's investigational drug, directly inhibits the activity of Factor Xa, an important validated target in the blood coagulation pathway, to prevent thrombosis. "China and the surrounding Asian markets represent a significant opportunity for oral Factor Xa inhibitor," said Joon Soo Ryu, Ph. D., vice president of GC Pharma. "We need to have a partner having strong expertise in the Chinese market and we are delighted to further enhance the value of GCC-4401C through this partnership with Lee's Pharm."

"The Group is currently the market leader in the anti-thrombotic area, including Livaracine, our proprietary low molecular weight heparin. We have a robust pipeline of anti-thrombotics, such as a Phase II anti-platelet drug, Anfibatide, a Phase III Warfarin like anticoagulant, Tecarfarin and a synthetic anti-thrombotic agent, Fondaparinux," said Dr. Benjamin LI, Chief Executive of Lee's Pharm. "The Factor Xa inhibitor anticoagulant, GCC-4401C, complements the Group's existing products and pipelines which can further enhance the Group's market position in anti-thrombotic area.''

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