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Theragnostics Ltd Expands Oncology Portfolio With Licensing of radioPARP Inhibitor

Friday, Mar 01, 2019

Theragnostics Ltd (Theragnostics), UK, a company developing cutting edge diagnostic imaging and targeted radionuclide therapies, today announced that it has exclusively licensed worldwide rights to a radiolabelled PARP inhibitor for imaging diagnostics and radionuclide therapies from Memorial Sloan Kettering Cancer Center (MSK), USA, a world leading facility in oncology research and cancer treatment.

"The agreement with MSK provides for access to an exciting piece of intellectual property aligned with Theragnostics strategy to take diagnostic imaging agents and the equivalent targeted radionuclide therapies into the clinic," said Gareth Smith, Chief Operating Officer of Theragnostics.  "What is fantastic about the rPARPi technology is that as well as developing a fluorine-18 PET imaging biomarker for PARP the MSK technology is truly a theragnostic approach enabling us to label with well-established iodine isotopes (iodine-131, iodine-123) as well as allowing the development of novel alpha particle therapies with astatine-211."

Greg Mullen, Chief Executive Officer of Theragnostics added, "rPARPi therapy has the prospect of providing significant improvement in cancer patient survival in a number of cancers. There are several approved conventional pharmaceutical PARP inhibitors on the market with new indications being approved in several markets in recent months opening up a multibillion dollar opportunity."

 

Source: prnewswire.com

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