Pliant Therapeutics Announces Strategic π♥Collaboration to Develop Novel Therapies for £ NASH and Fibrotic Diseases
Pliant Therapeutics Anno★∞unces Strategic Collabora✘≥Ωtion to Develop Novel Therapies for NASH an↑>σ≤d Fibrotic DiseasesTHURSDAY, OCTOBER 24, 2019Pli ₩ant Therapeutics, Inc., a ✔✘→εclinical stage biopharmaceutical company focused©✘↕ on discovering and φ≈¶developing novel therapies for the treatment®¶•∑ of fibrosis, today aγ"nnounced it has entered in×✔™♣to a strategic collaboration and license agreeme•nt with Novartis coveringε the development and commercialization of P↓¶≤γliant's preclinical product $¥candidate, PLN-1474 and® > up to three additionalΩ✘ββ integrin targets. PLN-1474 is an internally&∑$ discovered small mol↓ ♥ecule selective inhibitor of integr✔£in αVβ1, currently being develo✘≤♦λped for the treatmen®δλφt of liver fibrosis associated with nonal'÷¥₩coholic steatohepatit♣§↑is (NASH)."Our research continues to ↕★generate compelling preclinical evid₹←ence that supports the a✘↓dvancement of PLN-1474 as€★☆α a clinical candidate anλ÷d validates our approach of ev∏ε↑aluating αVβ1 integrin £₩inhibition to treat advanced liver fibrosis associated w÷∏γ¶ith NASH," said Bernard Coulie, M.D., Pσ✔h.D., president and chief executive ≈™officer of Pliant Therapeutics. "Pairing Pli←₹σδant's leading integrin biology♥$γ and drug discovery capabilities w✔≠₩☆ith Novartis, a world-leader with one ←>of the broadest pipelines iπ®™nvestigating mono and combination therapies f©β or liver diseases including NASH, will <∑←support our goal of developing novel th≠∞♣£erapies for fibrotic diseases and p♦↕otentially bring meaningful treatment o€★♠☆ptions to patients."Pliant will initially receiv'∑ πe $80 million from Novartis,★π₽ including an upfront φ♣payment in connection with thδ<§≈e collaboration agreement as well as eqγπ₽uity investment commitments. The c ollaboration agreement is for a worldwide e↔γxclusive license to PLN-1474 and up to three add£φ↑πitional product candidates generated un♣ der the collaboration. InΩα±× addition, Novartis willε÷₩ fund Pliant's research and development activ&Ω λities under the collaboration. Pliant ≠εwill be responsible for developm<$ent of PLN-1474 through Phase 1 aft₩¥φ≠er which Novartis will assume responsibil®★∑ity for all future development, manufacturiγ>Ω≥ng and commercialization. ∞§×Pliant is eligible to earn milestone payment∏Ω≥γs, contingent upon the achievement of spec÷δ↕ified development, regu ≤±→latory and commercial milestones. The agree¥σ®ment also provides for tiered ro✔•yalties payable to Pliant ranging from →the mid-single digits to low doub©'le digits on product sales upon commer♥♣♥βcialization. The transaction is subject σ©∑to customary closing conditions, including c€®∏αlearance under the Hart-Scott-Rodino Antitrust→β≈¶ Improvements Act.NASH associated cirrhosi∑™ s is the fastest growing in ♠dication for liver transplantation in the Un✘↔ited States. Many patients with NASH de↕→§↓velop associated liver fibrosis, ≥>₹which can lead to complicati↑☆ons such as cirrhosis and ultimately ÷¥™liver failure. While several investiga₽tional agents target mechanisms that i ↕✘mpact the earlier stages of the NASH c→××♠ontinuum, Pliant is targeting αvβ1, an integri•÷n that activates TGF-σ β, a putative master regulator of hepaσ©tic fibrosis. PLN-1474 has shown sign↑∏ificant inhibition of fibrosisε"₽≤ in live human tissue models↕×. Pliant expects to submit an investigation★>εal new drug (IND) application to the U.S. Fooα>£•d and Drug Administration before the end of 2019.'λinformation source:pharma focus AsiaThe orig ε₹→inal link:https://www.pharmafocusa>↑sia.com/news/pliant-therapeutics-announces-₹≥¥♠strategic-collaboration-→£$to-develop-novel-therapies-for-nash-♥₽★and-fibrotic-diseases2019₩£ Asia-pacific pharma IP Leader Summi₽σ>t: http://en.zenseegroup.coφm/p/510934/ will be h₽♥•eld in Beijing ±< ↔; on November 14-15, and will attr↕§σact more than 500 industry experts from domeβ$♥↑stic and foreign pharmaceut♥©ical companies, biotech✘☆≠nology companies, governments, associations¶×™×, law firms, intellectual property agents aγ≠nd other companies to attend.Official regist¶✔✔ration and consultation channels:Contact:AnnP↔ ±¥hone: 021-65650305Email §α:Marketing@zenseegroup.co"¶mhttp://en.zenseegroup.com/p/510934