DelSiTech Ltd, a Finnish drug delivery technology and development company, and C-Tri Co. Ltd, a Korean KOSDAQ listed biopharmaceutical company, have signed a Partnership and Collaboration Agreement to develop long-acting controlled release formulations with significant commercial potential. The first C-Tri product being developed in this partnership is NHM-CT-007, a peptide drug for oncology.
DelSiTech’s proprietary Silica Matrix technology allows the administration of parenteral controlled release drugs more precisely, safely and cost-effectively than with other alternative drug delivery technologies.
“We are very excited to have secured DelSiTech’s innovative drug delivery technology. Through this agreement, C-Tri and DelSiTech have an opportunity to be global leaders in developing controlled release oncology drugs. We are confident in taking a step towards entering the global oncology market based on progressing NHM-CT-007 clinical trials in Europe and plan to continue the manufacturing process in Europe as well,” said Dr. Wan-joo Kim, Founder, CEO and President of C-Tri. “We also plan to apply this drug delivery technology to other peptide drugs, specifically novel drugs, as part of our efforts to expand our pipeline.”