Pharma Focus Asia

Aratana Therapeutics Expands Therapeutic Candidate Pipeline

Friday, March 02, 2018

Aratana Therapeutics, Inc., a pet therapeutics company focused on the licensing, development and commercialization of innovative therapeutics for dogs and cats, today announced an animal health research and development collaboration with AskAt Inc, including an option agreement for multiple therapeutic candidates with potential in pain, allergy and cancer. AskAt is a life-sciences company based in Nagoya, Japan, discovering and developing novel compounds in human health. Members of AskAt's research team, while in a predecessor company, led the initial discovery of compounds that were licensed and developed by Aratana and became two of Aratana's FDA-approved therapeutics.

In addition, Aratana has licensed the exclusive, worldwide rights to develop and commercialize AT-019, known as AAT-008 by AskAt, a potent and innovative EP4 receptor antagonist therapeutic candidate with potential in pain, inflammation and other indications. The AT-019 license agreement includes an upfront payment of $0.5 million; milestone payments of up to $15.5 million; and tiered single-digit royalties based on net sales.

"As the pioneer in pet therapeutics, it's our mission to deliver safe and effective therapeutics that elevate the standard of care in veterinary medicine," stated Dr. Ernst Heinen, DVM, PhD, Chief Development Officer of Aratana Therapeutics. "The strategic expansion of our pipeline exemplifies our dedication and pursuit of new therapeutic options in a category where our research and development team has experienced successes."

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