Sedor Pharmaceuticals and Los Altos Pharmaceuticals Sign License Agreement for People’s Republic of China

Sedor Pharmaceuticals and Los Altos Pharmaceuticals Sign License Agreement for People’s Republic of China

PAOLI, PA — Sedor Pharmaceuticals, LLC (Sedor) and Los Altos Pharmaceuticals, Inc. (Los Altos) announced that Sedor has granted Los Altos an exclusive license for Captisol-enabled™ (CE) Meloxicam for the People’s Republic of China (PRC). Los Altos, located in Los Altos Hills, CA, has received exclusive development, manufacturing and commercialization rights for the People’s Republic of China and Taiwan, Hong Kong and Macau and will collaborate with Sedor on the development of CE-Meloxicam.

Sedor is currently in development with IM/IV CE-Meloxicam for the treatment of acute post-surgery, trauma and cancer pain. If approved, IM/IV CE-Meloxicam would offer an alternative to opioids and their associated side effects.

Barry Frankel, Chief Business Officer and co-founder of Sedor, commented, “Following the earlier licensing of our lead development product, CE-Fosphenytoin for the treatment of status epilepticus, in the Chinese market, we are delighted to report this expansion of our licensing presence in this major territory with our second differentiated product, CE-Meloxicam. These new formulations of medicines will provide health care providers effective solutions to unmet needs of patients that improve their quality of life and clinical outcomes. We are looking forward to advancing these programs for the People’s Republic of China.”

“We are very pleased to be partnering with Sedor for this Captisol-enabled™ program. Sedor executives have three decades of expertise with biologics and pharmaceuticals, and a track record of success in bringing development-stage programs through to commercialization to benefit patients and providers,” said Zhijian Xi, Founder and CEO of Los Altos. “We look forward to bringing CE-Meloxicam to the Greater China market and offering advantages to hospitalized patients.”

Source: Sedor Pharmaceuticals LLC, 1800 E. Lancaster Avenue, Suite N, Paoli PA 19301

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