Auspex Pharmaceuticals, Inc. signs deal with Teva involving a deuterium-containing drug
VISTA, CA (December 20, 2010): Auspex Pharmaceuticals, Inc. announced today that it has signed a deal involving a promising deuterium-containing drug with Teva Pharmaceutical Industries, Ltd. The discovery and initial development of the program subject to this transaction was conducted at Auspex Pharmaceuticals. Terms of the transaction were not disclosed.
"Deuterium is a non-radioactive isotope of hydrogen that has been demonstrated to generate new chemical entities with unique and beneficial properties. This agreement demonstrates Auspex's ability to build on its strong intellectual property position across multiple therapeutic areas." said Dr. Andreas Sommer, COO of Auspex Pharmaceuticals. "It is a reflection of our efforts to provide access to novel deuterated drugs that address significant market opportunities," said Dr. Pratik Shah, Acting CEO of Auspex Pharmaceuticals and Partner at Thomas McNerney & Partners.
Auspex is a clinical stage biotechnology company focused on the discovery and development of novel therapeutics based on site-specific deuteration of promising drug candidates and clinically validated drugs. The company has secured a proprietary position on several hundred deuterated drug analogs. The deuteration technology can rapidly generate potential best-in class therapeutics while reducing risk, time and cost of drug development.