BioLineRx Signs License Deal for Pain Treatment BL-7050
BioLineRx announced yesterday its worldwide, exclusive license agreement with Ramot at Tel Aviv University for a neuropathic and inflammatory pain treatment.
Biopharmaceutical development company BioLineRx announced Wednesday that the company has signed a worldwide, exclusive license agreement with Ramot at Tel Aviv University for the development and commercialization of BL-7050, an orally available treatment for neuropathic and inflammatory pain.
BL-7050 is based on technology developed in the laboratory of Bernard Attali, Ph.D., from the department of physiology and pharmacology, the Sackler faculty of medicine at Tel Aviv University. It is an NCE based on the molecular structure of diclofenac (Voltaren), a well-known nonsteroidal anti-inflammatory drug used for the treatment of nociceptive and inflammatory pain.
BL-7050 reportedly operates via a novel mechanism of action, though, namely opening specific potassium channels in nerve
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