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BioPhoenix Secures U.S. Up Therapeutics License to Develop Novel Proteasome Inhibitor Against Cancer
BioPhoenix, a subsidiary of San Fu Chemical’s San Fu Biotech, announced on the 24th that it has signed a licensing agreement with U.S.-based innovative drug developer Up Therapeutics. BioPhoenix has acquired global development, manufacturing, and commercialization rights for Up284, a first-in-class small molecule drug targeting solid tumors such as ovarian cancer. Both parties plan to submit an IND application and initiate Phase 1 clinical trials within the next 18 months.