Alios BioPharma & Versitech Sign for Influenza Therapy
The two companies have announced an exclusive worldwide licensing agreement to advance the research, development, manufacture and commercialization of novel medicines to treat influenza infection.
California-based biotech Alios BioPharma has signed an exclusive worldwide licensing deal with Versitech, a wholly-owned subsidiary of the University of Hong Kong, to develop, manufacture and market medication to combat influenza viruses.
The companies have also entered into two other influenza-related, non-exclusive licence agreements and a sponsored research agreement.
Alios will sponsor collaborative research at the University of Hong Kong, as Versitech is its technology transfer company.
Alios BioPharma president and CEO Lawrence Blatt said that the compounds and technology derived from the deal will provide key therapeutic options to help improve patients infected from influenza
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