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Taiwan-based oncology-focused biotech company forms alliance with P&GP

Published in Cancer Weekly, February 8th, 2005

TaiGen Biotechnology announced the signing of a strategic alliance relationship with Procter & Gamble Pharmaceuticals (P&GP) to further the development and commercialization of a nonflourinated quinolone antibiotic, invented by P&GP.

Under the terms of the agreement, TaiGen will be responsible for conducting phase 1b and phase 2 development of the compound to meet worldwide regulatory standards.

If phase 2 results are positive, Procter & Gamble, in conjunction with TaiGen, may then seek a pharmaceutical partner for the phase 3 development and subsequent commercialization of the compound.

In addition, TaiGen acquires development...

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