Pliant Therapeutics Announces Strategic Co★±₹¶llaboration to Develop Novel The•÷λ♥rapies for NASH and Fibro↓σ§tic Diseases
Pliant Therapeutics Announces Strate§£gic Collaboration to Develop N €$↔ovel Therapies for NASH and Fibrotic≠ ♣∑ DiseasesTHURSDAY, O ₩δ✔CTOBER 24, 2019Pliant Therapeutics, Iβ↓¶±nc., a clinical stage biopharmaceutical comp↕¥£any focused on discovering and developi®γ₩±ng novel therapies fo>Ωr the treatment of fibrosis, today announ♦≥ced it has entered i$↔←nto a strategic collaboration and license ↕→agreement with Novartis co↕αδvering the development and commerci♦ ∞φalization of Pliant's preclinical φ↑∞•product candidate, PLN-1&Ω÷×474 and up to three additional integrin ₽ ™targets. PLN-1474 is→≤®≈ an internally discovered small molδ¥≠≥ecule selective inhibitor of integrin αVβ1, curreα§'ntly being developed for ↕™±←the treatment of liver fibrosis δγ associated with nona¥$lcoholic steatohepatitis (NASH)."Our resea÷☆$£rch continues to generate comp✘λelling preclinical evidence that supports th•<®e advancement of PLN-1474 ≤∞ ±as a clinical candidate and valid$<™×ates our approach of evaluating αVβ1 integ∞δ§rin inhibition to treat adεπvanced liver fibrosis associated with NASH,ασ×λ" said Bernard Coulie, M.D., P♠ ↑h.D., president and chief executive off×≠∞icer of Pliant Therape'§★utics. "Pairing Pliant's ←≥€>leading integrin biology and drug dis♥λ¥covery capabilities with Novarti↕φ₽♦s, a world-leader with one of the broadβ'★est pipelines investigating mono and combina ©tion therapies for liver di"¥♠↕seases including NASH, will support our↑ε ☆ goal of developing novel therapi<₽es for fibrotic diseases an®≠λd potentially bring meaningful treatment ✘↓≤±options to patients."Pliant will initially r®≈eceive $80 million from Novaε✔rtis, including an upfront paymenφ↓εt in connection with th" e collaboration agreem↕ent as well as equity investment commit♣π§ments. The collaboration agreement is ♦₹÷for a worldwide exclusive li <cense to PLN-1474 and up to thβ↑ ree additional product candidates g♣↑enerated under the c¥£γollaboration. In addition, Novartis wilσ÷ l fund Pliant's research and development ↑¶activities under the collaboration. Plia→$nt will be responsible for development of PLN-¶∑1474 through Phase 1 after which N'β₩ovartis will assume responsibilit♥γ≥y for all future development, manufacturi♣¶ng and commercialization. Pliant is eligibleγ¥ to earn milestone payments, contingent upon thπ☆≈e achievement of specified development, regula≈<≠←tory and commercial milest✔≠ones. The agreement also providesπ for tiered royaltie&₹s payable to Pliant ranging from th ×→e mid-single digits to low€£∑ double digits on product sales upo≈δn commercialization. The transaction & is subject to customary closing conditions, i♠£≥ncluding clearance under th∞≈&&e Hart-Scott-Rodino Antitrust Improvements Act.N©✘$ASH associated cirrhosis is the ₽©fastest growing indication f¶ ↑or liver transplantation in the United Sta♥↕←εtes. Many patients wit¥∑h NASH develop associated liver ♥♠fibrosis, which can lead to complicatiα≥ons such as cirrhosis and ultΩ₽imately liver failure. Whi§γλle several investigational agents target mechan♣λ®isms that impact the earlier stages of the NAS§∑πH continuum, Pliant is targetingΩα αvβ1, an integrin that activates TGF-β, aΩ¶ putative master regulator of hepπ<∏atic fibrosis. PLN-1474 has shown significant inφε¥₽hibition of fibrosis in live human tissue ×<models. Pliant expects to subγ→mit an investigational new drug (IND) a'×pplication to the U.S. Food and D✘™©rug Administration before the end of↔♣ 2019.information source:pβ£harma focus AsiaThe original link:https://www.pha<♦♣rmafocusasia.com/news/pβσliant-therapeutics-announces-strateg ∞→&ic-collaboration-to-develop-novel-therap™£ies-for-nash-and-fibrotic-diseases2019 Asia-pac≥ασific pharma IP Leader Summit: http://en.ze↑↔nseegroup.com/p/510934/ will♦β↔ be held in Beijing β↑; on November 14-15, and will ♣$γ↔attract more than 500 industr✘&y experts from domestic and foreign•§ pharmaceutical companies, bio↓¥€technology companies, gov♦≠ernments, associations, law firms,×∑ intellectual property agen ₽ts and other companies₹₩∏ to attend.Official registration and £↔Ωconsultation channels:C ontact:AnnPhone: 021-65650305Email:Marketing@ ↔Ωzenseegroup.comhttp://en.zensee÷ε÷group.com/p/510934