BDD Pharma Secures License Agreement with Top Pharma Company for Timed-release OralogiKtm Technology

GLASGOW, Scotland, May 30, 2018 /PRNewswire/ --

BDD Pharma today announced that it has signed an agreement to license OralogiKtm, its timed drug delivery technology, to Novartis Pharma AG for the development of a new product containing an undisclosed compound. The agreement includes an upfront payment, milestones and future royalties.

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BDD's proprietary OralogiKtm technology enables the oral delivery of single, multi-dose or combination drugs at pre-determined times between one and 12 hours after administration to the patient.

This is the first license secured by Glasgow based BDD Pharma, which already has several license options with pharmaceutical companies to develop and apply the OralogiKtm technology to new and existing drugs that would benefit from either delayed or phased delivery.

BDD is uniquely placed to rapidly provide clinical data to pharma companies that have licensed OralogiKtm, using its gamma scintigraphic imaging and pharmacokinetic capabilities.

Professor Howard Stevens, Executive Chairman of BDD, said:

"This is a significant step for BDD; our OralogiKtm technology offers wide ranging possibilities for partners to develop new products with complex delivery patterns and to extend product ranges. We look forward to continuing our collaboration with Novartis, aiming to bring the first OralogiKtm product to the market."

The intellectual property surrounding the OralogiKtm proprietary technology is protected by key patents in the major markets worldwide.

Notes to Editors 

About BDD 

BDD Pharma Ltd is a privately-owned drug delivery company specializing in the development of modified and controlled release oral formulations. BDD's OralogiKtm technology is a tablet-in-tablet drug delivery system providing timed release, sustained release and the opportunity for complex bi- and tri-phasic release of one or multiple drugs. The OralogiKtm technology is protected with granted patents in the US, EU and Japan. Supported by investment from Archangels and the Scottish Investment Bank, BDD has in house clinical trial capabilities for the conduct of gamma scintigraphic/ pharmacokinetic studies in humans.

For more information visit http://www.bddpharma.com.

Disclaimer 

This document includes forward-looking statements. These statements relate to the Company's future prospects, developments and business strategies. These forward-looking statements are identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will" or the negative of those variations, or comparable expressions, including references to assumptions. These statements are contained in all sections of this document. The forward-looking statements in this document, including statements concerning future product development, marketing and commercialization, are based on current expectations and are subject to risks and uncertainties and actual results may differ materially from those expressed or implied by those statements.  

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SOURCE BDD Pharma