Pliant Therapeutics Announces Strategic Collabo♠∞∑♠ration to Develop Novel Therapies for NASH and <Ω€Fibrotic Diseases
Pliant Therapeutics Announces Strategic Collabora♣tion to Develop Novel Therapies for NASH and'☆< Fibrotic DiseasesTHURSDAY, OCTOB<₽←ER 24, 2019Pliant Therapeutics, Inc., a ✔γ₩clinical stage biopharma≤β≥★ceutical company focused on discovering and"✘¶ developing novel therap'∏ ies for the treatment of fibrosis,¥↓ ↑ today announced it ≈✘≥≥has entered into a strategic ←¶collaboration and licen€'® se agreement with Novartis covering the dev<✘&elopment and commerc•♠σialization of Pliant's precliniγ≤cal product candidate,≈✔ PLN-1474 and up to three additional inte↑£grin targets. PLN-1474 is a✘n internally discove∞δred small molecule selective inhibi ®tor of integrin αVβ1, currently being developed ¥↑♦for the treatment of liver fibrosis associated wβ∏ith nonalcoholic steatohepatitis (NASH)."♥✔↑>Our research continues to generate compell ₩&™ing preclinical evid←™γΩence that supports the adva €ncement of PLN-1474 as a clinical candidate and ∑±φvalidates our approach of evaluating αVβ1 inteδ&☆εgrin inhibition to treat advanced li★₽₹ver fibrosis associated with NASH," said Bernard ☆β Coulie, M.D., Ph.D., president and chief executiv✔γ≈e officer of Pliant The®₩₹↑rapeutics. "Pairing "→Pliant's leading integrin biology and drug disc€↑& overy capabilities with Nov artis, a world-leader with onπe of the broadest piβ↑↓pelines investigating mono and combi£→nation therapies for liver diseases incσ₹luding NASH, will suppor✘•€¥t our goal of developing novel therapies for fi♥' λbrotic diseases and potentially bring me≤♣aningful treatment options to patients.™¥"Pliant will initially←₩ receive $80 million f∑α♦♠rom Novartis, including an upfr"≠$™ont payment in connectio★"≠n with the collaboration agreement♦★∑' as well as equity investment commitment₽≤s. The collaboration agreem↓←∑☆ent is for a worldwide exclu₽sive license to PLN-14₽λ74 and up to three additional product♥σ candidates generated under the co₩σ∏llaboration. In addition, Novartis will fund₽• ≈ Pliant's research an≤Ω→ d development activities under the collabora∞ ↔πtion. Pliant will be responsible for developme₩•× nt of PLN-1474 through Phase ©Ω≤1 after which Novartis will assume respon±≤sibility for all futurφ≤®φe development, manufacturing and commercializat™λion. Pliant is eligible to earn mile¥ stone payments, contingent >upon the achievement of specified dev≤•→elopment, regulatory and cα₩•±ommercial milestones. The agreement also pro•γδ♠vides for tiered royalties payable to Pli∞♥♥∞ant ranging from the mid-sin✘&♣gle digits to low double digit∏ ↓≥s on product sales upon commercial✘¶≥ization. The transaction is≈> subject to customary closing conditionsσ♦→×, including clearance under t→≈→he Hart-Scott-Rodino Antitrust Improvements Act.N★ ₩ ASH associated cirrhosis is the fastest growing∑← indication for liver trαγansplantation in the United States. Many pati•₩$φents with NASH develop associated∏±' liver fibrosis, whi✘≤"ch can lead to complications such as c★≈irrhosis and ultimate♠§'$ly liver failure. While several investigati×≠π→onal agents target mechanism∏∞¥ s that impact the earlier≤÷$λ stages of the NASH continuum∏÷, Pliant is targeting←& αvβ1, an integrin that ac✔φ>$tivates TGF-β, a putative master regulator of hep≤>atic fibrosis. PLN-1474÷β× has shown significant inhibiα₩♥™tion of fibrosis in live human tissue models. Pli↔§σant expects to submit an investigational new d✘★✔rug (IND) application to the U.S. Food and D©•rug Administration before the end of 2019$★•β.information so •Ωurce:pharma focus AsiaThe original¶' link:https://www.pharmafocusasia.com/news/pl<¶iant-therapeutics-announce αs-strategic-collaboration-δ↑to-develop-novel-therapiσ§es-for-nash-and-fibrotic-diseases2019 ∏Asia-pacific pharma IP Leader Sλ₩♥ummit: http://en.zenseeg♥♥₩roup.com/p/510934/ will be held iπ"n Beijing on Novemb¶✔>≤er 14-15, and will a≠☆ttract more than 500 industry experts from domes♥¥tic and foreign pharmaceutical companies,Ω∑σ× biotechnology companies, governments, asδ sociations, law firms, intellectual property agenγ >↓ts and other companies to attend.Offic'∞>♦ial registration and consultation channels':Contact:AnnPhone: 021-65650✔±305Email:Marketing@zenseegroup.comhttp≠→≥://en.zenseegroup.com/p/510934