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DiaKine develops Cell Therapeutics' LSF for diabetes

Executive Summary

Cancer drug company Cell Therapeutics licensed to DiaKine (spun out from the University of Virginia School of Medicine in 2004 to develop diabetes therapies) patents and other IP rights related to lisofylline (LSF), a synthetic immunomodulator with anti-inflammatory properties. The rights allow DiaKine to develop the molecule to treat diabetes and related conditions.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Alliance
    • Includes Equity
    • Intra-Biotech Deal
    • R&D and Marketing (Licensing)

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