Radiopharmaceutical firm Ion Beam Applications (IBA) and molecular imaging and therapy developer Aposense have agreed to exclusively collaborate on the commercialization of Aposense's ML-10 PET tracer for molecular imaging of apoptosis.
The deal expands upon a relationship established in August 2008, when the two firms signed an agreement for fluorine-18 (F-18) labeling and distribution of ML-10 by IBA for Aposense's multicenter clinical trials. Under the new long-term global agreement, IBA of Louvain-la-Neuve, Belgium, and Aposense of Petach-Tikva, Israel, will collaborate and jointly fund phase III trials and subsequent clinical development of ML-10.
Both firms will also jointly market and sell the agent, with IBA focusing primarily on the PET imaging and nuclear medicine market. Aposense will market ML-10 to the referring clinical specialist market, according to the vendors.
Aposense will manufacture the ML-10 precursor, and IBA will provide F-18 labeling and distribution of the final drug product to clinical sites throughout its global network of PET radiopharmacies, the companies said. Both firms will share in revenue and development costs. Specific financial terms were not disclosed.
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