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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Maelor | LSE:MLR | London | Ordinary Share | GB00B2QBY649 | ORD 70P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 100.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8742D Maelor PLC 01 June 2006 Maelor and Plethora Solutions enter into a licensing agreement for micelle nanotechnology June 1st 2006 - Maelor Pharmaceuticals PLC ("Maelor"; AIM:MLR), the specialist critical care company, and Plethora Solutions Holdings PLC ("Plethora" or the " Company", AIM : PLE), a UK-based speciality pharmaceutical company, are pleased to announce that Maelor has granted Plethora a licence to Maelor's micelle nanotechnology delivery system. Under the terms of the agreement, Maelor will provide Plethora with a worldwide, exclusive licence to Maelor's micelle nanotechnology, for application in Plethora's PSD597 programme for the treatment of interstitial cystitis and painful bladder syndrome (IC/PBS). Plethora will be responsible for product development and the licence agreement is based upon an upfront payment, development and sales milestones and royalties to Maelor. Micelle nanotechnology entraps drug compounds inside minute particles built up from polymers. This formulation technique can potentially deliver effective concentrations of drugs which would otherwise be insoluble. The micelles may also protect the entrapped drug from hydrolysis by enzymes or protect the drug from extreme pH environments and thus enable more drug to be delivered to its site of action. Plethora has already completed clinical pilot studies which indicated that its proprietary treatment, PSD597, can result in symptomatic relief from IC/PBS. Plethora recently announced that it had initiated a Phase II, double-blind, placebo-controlled clinical study in up to 20 centres in the US and Canada, with preliminary results anticipated towards the end of 2006. In this study, PSD597 is being delivered locally into the bladder in a procedure conducted in an out-patient clinic. Following successful completion of this study, the micelle technology will be incorporated into the next stage of development and may open up the potential for patients to self administer treatments for interstitial cystitis. IC/PBS is a condition characterised by chronic pelvic pain and afflicts up to two million women in the United States and Europe. The causes of IC/PBS are unknown and the few available approved treatments fail to bring about immediate and long-lasting symptomatic relief. Tim Wright, Chief Executive Officer of Maelor, commented: "As a specialist urology company with expertise in the clinical development of an IC/PBS treatment, Plethora is ideally placed to develop an effective and convenient micelle-based product for this debilitating condition and we are pleased to build upon their proprietary position in this area by providing access to our micelle nanotechnology." Steven Powell, Chief Executive Officer of Plethora, commented: "Maelor's micelle delivery technology is an ideal enhancement for this product, potentially broadening the patient population for this much needed treatment which has unique benefits for IC/PBS sufferer." Enquiries: Maelor plc Tim Wright, CEO Tel: 01978 810153 Financial Dynamics Ben Atwell/John Gilbert Tel: 020 7831 3113 Plethora Solutions Tel : 0207 269 8630 Steven Powell Buchanan Communications Tel : 0207 466 5000 Isabel Podda Notes to Editors: About Maelor: Maelor plc is a specialist critical care pharmaceuticals and devices company. The company commercialises its critical care portfolio directly in the UK and commercialises early stage technology and non-core products through effective relationships with partners. The Company is headquartered in the UK and is listed on the London Stock Exchange (AIM:MLR) Further information is available at www.maelor.plc.uk About Plethora: Plethora is focused on the development of products for the treatment of urological disease. The Company has products in clinical development for the treatment of overactive bladder, benign prostatic hyperplasia, stress urinary incontinence, interstitial cystitis and premature ejaculation. In January 2006, Plethora acquired Minneapolis (Mn) based Timm Medical Technologies Inc which markets products for the treatment of erectile dysfunction (ED) to urology clinics through a US-based speciality sales team. The Company is headquartered in the UK and is listed on the London Stock Exchange (AIM:PLE) Further information is available at www.plethorasolutions.co.uk This information is provided by RNS The company news service from the London Stock Exchange END AGRAKDKDFBKDOPN
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