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Pfizer takes option on repositioned diabetes drug

This article was originally published in Scrip

Executive Summary

The US firm Melior Discovery, which finds new therapeutic applications for existing drugs, has signed an option agreement that provides Pfizerthe exclusive right to negotiate a licence to MLR-1023, Melior's small-molecule drug candidate for type 2 diabetes which is ready for clinical testing. It has previously been shown to be safe in clinical trials, although lackingin efficacy, in another indication. In exchange, Pfizer will make an undisclosed payment to Melior and provide access to certain data it owns related to MLR-1023. In addition, Melior will use its theraTRACE indications discovery platform to evaluate selected Pfizer compounds.

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