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13/02/2012

Immupharma CEO says its flagship product, Lupuzor, has great potential

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Market: AIM
Sector: Pharmaceuticals & Biotechnology
EPIC: IMM
Latest Price: 63.50p  (-0.98% Descending)
52-week High: 100.00p
52-week Low: 57.00p
Market Cap: 51.77M
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ImmuPharma PLC
www.immupharma.com

ImmuPharma plc is a drug discovery and development company. The Company, along with its subsidiaries, is principally engaged in investing in pharmaceutical research and development companies. The Company has operations in Mulhouse, France and Basle, Switzerland. The ImmuPharma plc focuses to develop drugs to treat serious medical conditions. It has five drugs in development to treat: lupus, cancer, severe pain, highly resistant infections, such as methicillin-resistant staphylococcus aureus (MRSA) and inflammatory and allergic disorders. Its wholly owned subsidiaries include ImmuPharma (UK) Limited, which is a holding company; ImmuPharma (France) SA, which is engaged in pharmaceutical research and development, and ImmuPharma AG, which is engaged in pharmaceutical research and development.

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ImmuPharma regains rights to Lupuzor drug after Teva/Cephalon deal

21st Oct 2011, 7:31 am by Jon Mainwaring ImmuPharma’s Lupuzor drug candidate is targeted at Lupus

Drug discovery and development firm ImmuPharma (LON:IMM) announced today that it has regained the rights to its Lupus drug candidate, Lupuzor, because of the acquisition of US drug firm Cephalon by Israel’s Teva Pharmaceuticals.

Teva has a competing drug candidate for Lupus, which means that ImmuPharma has the right – under key provisions of its agreement with Cephalon – to request the return of the rights to Lupuzor after Cephalon’s acquisition was finalised last week.

In 2008, ImmuPharma entered into an option agreement with Cephalon, while it was in the middle of a Phase IIb study designed, managed and funded by ImmuPhama. Cephalon paid ImmuPharma US$15 million, before the results of the study were known, for the exclusive option to enter into a worldwide licence.

Folllowing positive results of the ImmuPharma study in early 2009, Cephalon exercised its option by paying a further US$30 million. This was part of an agreement worth US$500 million in cash milestone payments, plus royalties on product sales.

Now that ImmuPharma has regained all rights to Lupuzor, it and Cephalon will decide the future of the current clinical trials that Cephalon has initiated in Lupus patients in the US and Europe. The firm expects to provide a detailed update of the development of Lupuzor in the near future.

“We are delighted to have Lupuzor back,” said Dimitri Dimitriou, ImmuPharma’s chief executive. “This paves the way for new options for the future of the company.  We appreciate the support of Cephalon in the development of Lupuzor during our collaboration.”


 

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