UK drug developer ImmuPharma has taken the rights for the worldwide development and commercialization of a novel drug candidate for cancer from its ongoing collaborator, the Centre National de la Recherche Scientifique (CNRS), France's leading scientific research institution.
The agent, IPP-204106, has a dual mechanism of action, acting both in preventing angiogenesis as well as proliferation. This nucleolin antagonist, the lead molecule in a family of pseudopeptides designed to block the activity of a protein called nucleolin, the firm noted.
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