New Collaboration Formed to Further Develop IBD Drug Ovasave

New Collaboration Formed to Further Develop IBD Drug Ovasave
French biotechnology company TxCell SA, which specializes in the development of T-cell immunotherapy for severe chronic inflammatory and autoimmune diseases, recently published updates on the company's efforts to develop its lead therapeutic candidate Ovasave® for the treatment of inflammatory bowel diseases (IBD), such as Crohn's disease and ulcerative colitis. The company's collaboration, option, development and licensing agreement with Ferring International Center SA (Ferring) has been assigned to Trizell Holding SA (Trizell), an affiliate member of the Dr. Frederik Paulsen Foundation. Trizell was created by the Foundation as a source of specialist management and scientific development expertise, focused on advanced therapies on a cellular and genetic level. These emerging yet highly promising biological therapeutics include TxCell's Ovasave drug for IBD. Ferring had originally signed an exclusive worldwide agreement with TxCell last December 2013, giving them the option to handle the commercialization of the drug for Crohn's Disease and Ulcerative Colitis. Ferring and its subsidiaries currently have a strong presence in over 55 nations, along with an international franchise in IBD. The agreement is estimated to be worth as much as $90 million, which includes upfront and milestone payments, as well as royalties subject to certain adjustments. The recent assignment to Trizell does not alter any of these stipulations. “Products at the forefront of innovation, such as TxCell’s personalized medicine, require expert and dedicated development teams. As such, TxCell’s lead product Ovasave® for severe refractory Crohn’s disease will benefit enormously from the additional focus and expertise that Trizell will supply,” said Damian Mar
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