Acrux-Organon partnership dropped
Friday, 15 August, 2008
Acrux [ASX: ACR] has announced that projects it had been developing with Dutch pharma Organon have been cancelled after Organon's new owners Schering-Plough pulled the plug.
Acrux and Organon had been collaborating on a transdermal spray that was to add an undisclosed Organon proprietary drug to Acrux's contraceptive spray technology.
Acrux had already delivered on the first stage of the project, developing spray formulations for testing in clinical trials, and had been given $1 million in non-refundable payments on signing the collaboration agreement.
According to Acrux representatives, the decision has had no effect on the company's funding.
Acrux's own contraceptive spray development remains on track, with commercialisation expected to begin next year for several products.
Organoid platform enables closer study of bat-borne viruses
Reconstructing bat organ physiology in the lab lets scientists explore how zoonotic viruses work...
Global study finds 250 genes linked to OCD
Researchers say they have found the genes linked to obsessive compulsive disorder (OCD), after...
TGA approves therapy for paediatric growth hormone deficiency
The TGA has approved SKYTROFA as a treatment for growth failure in children and adolescents aged...
