Unigene & GSK Amend Osteoporosis Therapy Agreements
GSK decided not to pursue development based on its internal evaluation criteria, allowing Unigene to regain exclusive worldwide rights to the oral PTH program with no financial obligations to GSK.
U.S. biopharmaceutical company Unigene Laboratories and UK-based healthcare company GlaxoSmithKline have amended agreements relating to exclusive worldwide license, development services, and clinical supply for an oral formulation of a recombinantly produced parathyroid hormone (PTH) analog for the treatment of osteoporosis in postmenopausal women.
GSK decided not to pursue development based on its internal evaluation criteria, allowing Unigene to regain exclusive worldwide rights to the oral PTH program with no financial obligations to GSK.
Ashleigh Palmer, Unigene’s president and chief executive officer, stated, “We respect GSK’s decision and remain extremely pleased with the positive and statistically significant Phase II data reported last month. Given our
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