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Angiotech Pharmaceuticals, Inc.
Paclitaxel franchise broadened with license to Broncus Technologies
July 6th, 2005
Angiotech Pharmaceuticals, Inc., (ANPI, ANP) announced the execution of a license agreement with Broncus Technologies, Inc. This agreement allows Broncus Technologies to incorporate Angiotech's pioneering Paclitaxel technology with their Exhale system to treat emphysema. Emphysema is a chronic and progressive disease of lung tissue destruction, typically as a result of long-term cigarette smoking. It now represents the fourth leading cause of death in the United States. It is characterized by gradual destruction of lung tissue, which results in the loss of the lungs' natural elasticity, the collapse of small airways, and air trapping. ...
Source: Biotech Week (2005-07-06)
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