IL Therapeutics
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IL Therapeutics Inc. was previously owned by Western Life Sciences Venture Fund LP (“Western Life Sciences”) and in 2006 its shares were purchased by Pacgen Biopharmaceuticals Corporation (“Pacgen”)[1]
[edit] History
Saskatchewan Research Council operates a bio-processing laboratory which facilitated biomedical research. IL Therapeutics was developed from research first begun at the Western College of Veterinary Medicine
[edit] Pharmaceuticals
Currently IL Therapeutics is working on a drug candidate, IL-8(3-73)K11R/G31P (“PAC-G31P”) for relief of Acute Respiratory Distress Syndrome (ARDS)[2] The Saskatchewan Research council, SRC also assisted with the funding of this project through the Agriculture Development Fund - SRC Industry Venture Fund.[3]The successful progression of G31PRecently the University of Saskatchewan Industry Liaison Office (ILO) decided to commercialize a commercialize this new drug treatment.[4] This research has been sponsored by a $3 million boost from the Western Life Sciences Venture Fund (WLS)[4]
[edit] References
- ^ Pacgen Biopharmaceuticals Corporation, Pacgen Biopharmaceuticals Acquires IL Therapeutics Inc., http://www.pacgenbiopharm.com/investor/pdfs/news_release20060412.pdf, retrieved Sept 9, 2007
- ^ Pacgen Biopharmaceuticals Corporation, Pacgen Biopharmaceuticals Acquires IL Therapeutics Inc., http://www.pacgenbiopharm.com/investor/releases/20060412.html, retrieved Sept 9, 2007
- ^ Saskatchewan Research Council 2005-2006 Annual Report, Sustainable Science Solutions, http://www.src.sk.ca/store/account/download_file.cfm?productID=3483&freeDownloadID=538, retrieved Sept 9, 2007
- ^ a b U of S News Releases: University Communication, U of S News Releases: U of S Signs Letter of Intent to Commercialize Treatment for Lung Injury Complications, http://announcements.usask.ca/news/archive/2004/05/u_of_s_signs_le.html, retrieved Sept 9, 2007
[edit] See also
[edit] External links
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