Under the terms of the transaction agreements, Kadmon will receive payments which could exceed
KD025, Kadmon's ROCK2 inhibitor, is being studied in a pivotal clinical trial in
The joint venture,
"The KD025 data generated to date provides a clear rationale for our desire to partner with Kadmon to develop KD025 to potentially treat a range of inflammatory and fibrotic diseases for Japanese and other Asian patients," said Daikichiro Kobayashi, President and Representative Director of Meiji. "Kadmon is an exciting company with whom we share the same ethical and innovative vision to develop and deliver important medicines to critically ill patients, and we are highly motivated to seek fast-track regulatory approval of KD025 in our region."
"We are pleased to partner with Meiji, a globally respected organization who has commercialized pharmaceuticals in
"Meiji is an ideal partner for the Japanese region: their drug development experience and commitment to advancing KD025 expeditiously gives us great confidence in this joint venture to bring KD025 to additional patients in need," added
Kadmon is a biopharmaceutical company developing innovative products for significant unmet medical needs. Our product pipeline is focused on inflammatory and fibrotic diseases as well as immuno-oncology.
In order to protect and improve people's health and lives,
President and Representative Director: Daikichiro Kobayashi
Forward Looking Statements
This press release contains forward-looking statements. Such statements may be preceded by the words "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. We believe that these factors include, but are not limited to, (i) the initiation, timing, progress and results of our preclinical studies and clinical trials, and our research and development programs; (ii) our ability to advance product candidates into, and successfully complete, clinical trials; (iii) our reliance on the success of our product candidates; (iv) the timing or likelihood of regulatory filings and approvals; (v) our ability to expand our sales and marketing capabilities; (vi) the commercialization of our product candidates, if approved; (vii) the pricing and reimbursement of our product candidates, if approved; (viii) the implementation of our business model, strategic plans for our business, product candidates and technology; (ix) the scope of protection we are able to establish and maintain for intellectual property rights covering our product candidates and technology; (x) our ability to operate our business without infringing the intellectual property rights and proprietary technology of third parties; (xi) costs associated with defending intellectual property infringement, product liability and other claims; (xii) regulatory developments in