Arecor Therapeutics PLC Arecor Collaborates with Global Technology Leader (5101V)
14 December 2021 - 6:00PM
UK Regulatory
TIDMAREC
RNS Number : 5101V
Arecor Therapeutics PLC
14 December 2021
Arecor Therapeutics plc
("Arecor" or the "Group")
ARECOR ANNOUNCES EXCLUSIVE COLLABORATION WITH GLOBAL TECHNOLOGY
LEADER
Development of a stable liquid formulation for use within
partner's technolog y
Cambridge, UK, 14 December 2021: Arecor Therapeutics plc (AIM:
AREC), the biopharmaceutical group advancing today's therapies to
enable healthier lives, today announces that it has signed an
exclusive formulation study collaboration.
The partner is a global technology leader, serving customers
across research, clinical and applied markets. Under the terms of
the agreement, Arecor will use its proprietary formulation
technology platform, Arestat(TM), to develop an improved, stable,
liquid formulation for use within their technology. The partner
will fund the development work and has the option to acquire the
rights to the new proprietary formulation and associated
Intellectual Property under a technology licensing model to further
develop and commercialise the product.
Sarah Howell, Chief Executive Officer of Arecor, said: "We
continue to expand the multiple potential applications of our
innovative Arestat(TM) platform. Supporting our partner's molecular
testing platform augments our portfolio, showcasing the breadth of
our technology platform's potential. Our partner's products are
used for applications in life sciences, oncology, reproductive
health, agriculture and other emerging segments, expanding our
reach into new markets. We look forward to working with them and
advancing our Arestat(TM) platform in the diagnostic space to
support personalised medicine for patients."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014 (MAR).
-ENDS-
For more information, please contact:
Arecor Therapeutics plc www.arecor.com
Dr Sarah Howell, Chief Executive Officer Tel: +44 (0) 1223 426060
Email: info@arecor.com
Susan Lowther, Chief Financial Officer Tel: +44 (0) 1223 426060
Email: info@arecor.com
Mo Noonan, Communications Tel: +44 (0) 7876 444977
Email: mo.noonan@arecor.com
Panmure Gordon (UK) Limited (NOMAD Tel: +44 (0) 20 7886 2500
and Broker)
Freddy Crossley, Emma Earl (Corporate
Finance)
Rupert Dearden (Corporate Broking)
Consilium Strategic Communications
Chris Gardner, David Daley, Angela Tel: +44 (0) 20 3709 5700
Gray Email: arecor@consilium-comms.com
Notes to Editors
About Arecor
Arecor Therapeutics plc is a globally focused biopharmaceutical
company transforming patient care by bringing innovative medicines
to market through the enhancement of existing therapeutic products.
By applying our innovative proprietary formulation technology
platform, Arestat(TM), we are developing an internal portfolio of
proprietary products in diabetes and other indications, as well as
working with leading pharmaceutical and biotechnology companies to
deliver enhanced formulations of their therapeutic products. The
Arestat(TM) platform is supported by an extensive patent
portfolio.
For further details please see our website, www.arecor.com
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