Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > NanoMaterials Technology Signs Exclusive Licensing Agreement for Hyperlipidemia-controlling Drug with Beijing Winsunny Pharmaceutical

Abstract:
NanoMaterials Technology Private Limited ("NMT") announced today that it has signed an exclusive licensing agreement with Beijing Winsunny Pharmaceutical Company Limited ("Winsunny Pharma") for the use of its proprietary High Gravity Controlled Precipitation ("HGCP") Technology to manufacture, market and distribute a generic version of a world-wide blockbuster hyperlipidemia-controlling drug in China with a potential market size of over US$900 million.

NanoMaterials Technology Signs Exclusive Licensing Agreement for Hyperlipidemia-controlling Drug with Beijing Winsunny Pharmaceutical

Singapore | Posted on April 12th, 2010

Currently, there are 90 million patients in China undergoing long-term treatment for hyperlipidemia. The annual growth rate of the patients is about 15 million and it is estimated that the number of patients required the treatment will reach 200 million in the next 10 years.
Under the terms of the agreement, Winsunny Pharma will pay an undisclosed upfront fee as well as milestones and royalty payments based on future sales of the drug. NMT will provide a new formulation that will increase efficacy, lower drug dosage and provide better patient compliance.

Winsunny Pharma will assume all the costs of development, regulatory and commercialization of the solid oral dosage formed drug including clinical trials.

"Today's announcement is an important milestone for NMT in deploying our HGCP technology in one of the fastest growing and most important markets in the world for the pharmaceutical sector," said Dr. Jimmy Yun, CEO of NMT. "Previously, we had demonstrated the use of HGCP Technology in mass production of specialty chemicals. This is our first collaboration with Winsunny Pharma and it provides an opportunity to extend the product range of their hyperlipidemia-controlling drugs. We believe that this is the beginning of a series of drugs using our technology to be made available in the market. We look forward to having more collaboration with Winsunny Pharma in future."

"We have various late stage developments which have the potential to reach commercialization in the near future. Currently, we are in talks with pharmaceutical companies in the US, Europe and China to commercialise several compounds using HGCP technology," continued Dr. Yun.

The HGCP Technology allows production of active pharmaceutical ingredient ("API") at both low micron and nano-sized range. NMT has demonstrated the suitability of the technology for processing APIs of both small and macro molecules to be formulated for solid oral dosage and inhalation forms. The HGCP Technology is also being used for designing drug particles with good aerodynamic properties and specific particle size distribution for pulmonary inhalation. It consolidates the current conventional "crystallization, micronization and conditioning" manufacturing processes into one-step, which is cost and time-saving.

####

About NanoMaterials Technology
Founded in April 2000, NanoMaterials Technology (NMT) is a Singapore company that specialises in the development and commercialisation of the production technologies of nano-materials. NMT has a proprietary technology called the High Gravity Controlled Precipitation (HGCP). The result of this breakthrough is a nano-material production technology that is simple, easy to scale up and extremely cost effective. The HGCP Technology is versatile to be coupled with NMT's dispersion technology and know how to improve the dispersibility of the nano-particles.

About Beijing Winsunny Pharmaceutical Co., Ltd. (www.bjwsyy.com)
Founded in February 1999, Winsunny Pharma is a pharmaceutical company in Beijing and is a subsidiary of Zhejiang NHU Group (www.cnhu.com/en). Zhejiang NHU Group is a public-listed company in Shenzhen Stock Exchange, China. Winsunny Pharma specializes in hyperlipidemia-controlling, high blood pressure, nephrology, CNS and diabetes drugs.

For more information, please click here

Contacts:
NanoMaterials Technology Pte Ltd
Ms Grace Yeo
Tel: +65-6873-0735

Copyright © NanoMaterials Technology

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Reversible Writing with Light: Self-assembling nanoparticles take their cues from their surroundings September 3rd, 2015

For 2-D boron, it's all about that base: Rice University theorists show flat boron form would depend on metal substrates September 2nd, 2015

Silk bio-ink could help advance tissue engineering with 3-D printers September 2nd, 2015

Phagraphene, a 'relative' of graphene, discovered September 2nd, 2015

Nanomedicine

Reversible Writing with Light: Self-assembling nanoparticles take their cues from their surroundings September 3rd, 2015

Silk bio-ink could help advance tissue engineering with 3-D printers September 2nd, 2015

Using DNA origami to build nanodevices of the future September 1st, 2015

Efficiency of Nanodrug Containing Antibiotics in Treatment of Infectious Diseases Evaluated August 31st, 2015

Announcements

Reversible Writing with Light: Self-assembling nanoparticles take their cues from their surroundings September 3rd, 2015

Silk bio-ink could help advance tissue engineering with 3-D printers September 2nd, 2015

Phagraphene, a 'relative' of graphene, discovered September 2nd, 2015

A marine creature's magic trick explained: Crystal structures on the sea sapphire's back appear differently depending on the angle of reflection September 2nd, 2015

Alliances/Trade associations/Partnerships/Distributorships

TCL and QD Vision Demonstrate the Future of Wide Color Gamut Television at IFA: Color IQ Based Display is the First Commercially-Branded Television to Present Over 90% of ITU Rec. 2020 Color Gamut September 2nd, 2015

National Space Society Welcomes Janet Ivey As New NSS Governor: Janet Ivey of Janet's Planet is NOW IN ORBIT as a member of the Board of Governors of the National Space Society August 27th, 2015

National Space Society Welcomes Geoff Notkin As New NSS Governor August 26th, 2015

XEI Scientific appoints EM Resolutions as Distributor for the UK & Irish markets August 11th, 2015

New-Contracts/Sales/Customers

Nanolab Technologies LEAPS Forward with High-Performance Analysis Services to the World: Nanolab Orders Advanced Local Electrode Atom Probe (LEAP®) Microscope from CAMECA Unit of AMETEK Materials Analysis Division August 27th, 2015

Conformal transfer of graphene for reproducible device fabrication August 11th, 2015

Liquipel Debuts Eyesight-Saving ION-Glass Blue Light Protection for iPhones and Androids at RadioShack Stores Nationwide: Liquipel's Unique Protective Screen, Available at RadioShack, Cuts Harmful Blue Light Implicated in Macular Degeneration by 10x July 28th, 2015

Dais Analytic's Business Affiliate in China Announces Ten-Year Strategic Energy Efficiency Business Arrangement With COFCO: Dais Beijing to Perform Feasibility Study on Over 80 Buildings to Improve Efficiencies as Part of Overall Hotel Energy-Savings Project July 23rd, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic