What Arecor does
Arecor Limited, a private biopharmaceutical company, is transforming patient care by bringing innovative medicines to market through the enhancement of existing therapies using its proprietary Arestat technology.
Arestat is a world-leading, innovative formulation technology platform which significantly enhances the properties of therapeutic proteins and peptides and has the unique potential to deliver superior formulations of both new and existing products which would otherwise not be possible.
It partners with major pharma and biotech companies to develop improved versions of their key products, as well as developing its own products.
How it is doing
In October, Arecor expanded its agreement with Hikma Pharmaceuticals PLC (LON:HKMA) to co-develop ready-to-administer injectable medicines in the US to a second product.
The new deal builds on an earlier agreement signed in January to develop a product using Arecor’s proprietary drug formulation technology platform Arestat.
Hikma is expected to file the product covered by this latest agreement for approval with the US Food and Drug Administration in 2023.
Arecor will receive an upfront payment and further payments on the achievement of development, regulatory and commercial milestones, while Hikma will be responsible for the manufacture and commercialisation of the product.
What the boss says: Sarah Howell, chief executive
“Our track record in developing ready-to-administer medicines is further strengthened by this second agreement with Hikma. This growing partnership supports both companies’ product development strategies to bring enhanced products to market that simplify care and improve patient outcomes.”