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Inflazyme's most advanced product, IPL512,602, is an oral LSAID (Leukocyte Selective Anti-Inflammatory Drug) which is currently in Phase II clinical trials for asthma in partnership with Aventis Pharma. Rationale for the Acquisition -- The acquisition provides Inflazyme with an opportunity to expand its position as a leader in the development of new LSAID (Leukocyte Selective Anti-Inflammatory Drugs) anti-inflammatory therapies by the addition of GlycoDesign's novel CORE2 inhibitors, which are currently in early stage research. This acquisition will provide us with an opportunity to expand our position as a leader in the development of new LSAIDs by the addition of GlycoDesign's novel CORE 2 inhibitor program. |
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