Fulgent’s soluble form of paclitaxel has demonstrated significant tumour reduction in various cancer types in Phase I studies. Credit: Lightspring / Shutterstock.com.
The companies will join forces to progress therapeutics through pre-clinical co-development and clinical development.
The collaboration unites the clinical expertise of Moffitt with Fulgent’s nanotherapeutics and genomics platforms to expedite the creation of targeted cancer treatments.
The agreement grants Fulgent priority access to Moffitt’s clinical capabilities and resources, which will accelerate the progression of Fulgent’s clinical pipeline.
This includes prioritised activation of clinical trials, improved patient screening and efficient data sharing to swiftly deliver investigational therapies to patients.
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Fulgent Pharma, with expertise in nanoencapsulation technology, developed a soluble form of the chemotherapy drug paclitaxel, named FID-007.
Early Phase I clinical studies have shown significant tumour reduction in breast, head and neck, lung, bile duct, and pancreatic cancers using soluble intravenous FID-007 injection.
The partnership will also focus on co-developing new tailored cancer treatments.
Moffitt will utilise its extensive scientific and immunology knowledge, tissue sample access and nonclinical research resources. Fulgent will provide its nano-particle-based drug development platform and comprehensive genetic and genomic testing capabilities.
Moffitt president and CEO Patrick Hwu stated: “This partnership aligns with Moffitt’s mission to contribute to the prevention and cure of cancer. We are looking forward to working with Fulgent to accelerate the translation of scientific discoveries into lifesaving treatments for our patients.”
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