SAN DIEGO & SHENZHEN, July 28, 2016 /PRNewswire/ – ProSciento, Inc., a science-driven clinical research organization (CRO) focused exclusively on metabolic diseases, announced today a strategic master services agreement with Shenzhen HighTide Biopharmaceutical Ltd., a subsidiary of Shenzhen Hepalink Pharmaceutical Co., Ltd.
Under the terms of the agreement, ProSciento will provide clinical research and development services, from IND readiness through the completion of early phase development, including regulatory and scientific support services, for HighTide’s portfolio of drug candidates that address the therapeutic areas of diabetes and NAFLD/NASH.
HighTide is a US-China joint venture founded in 2011 by Dr. Liping Liu and Hepalink Pharmaceutical to progress a promising portfolio of novel therapeutic candidates from discovery to clinical development for the treatment of diabetes and NAFLD/NASH.
ProSciento is a leading early phase CRO focused exclusively on metabolic diseases. Its experience encompasses a wide range of investigational and marketed drugs for diabetes, obesity and NAFLD/NASH, with more than 280 clinical research projects completed.
“The collaboration between HighTide and ProSciento is based on a shared commitment to find better treatments for diabetes and related metabolic disorders through scientifically based, therapeutically focused translational research,” said Dr. Marcus Hompesch, ProSciento Chairman and CEO. “This strategic partnership leverages the combined capabilities of ProSciento’s metabolic expertise and services in clinical development and HighTide’s robust metabolic drug portfolio and capacity to bring new and impactful therapies to the market globally.”
“ProSciento has already provided expert strategic and operational support through phase I activities for HighTide’s islet regeneration peptide HTD4010. We’re pleased to expand our access to their expertise and services through a preferred CRO strategic partnership,” said Dr. Liping Liu, HighTide CEO and CSO. “ProSciento’s deep scientific expertise in metabolic disease, combined with their longstanding reputation and experience in early phase development, were key factors in our selecting them as a partner to oversee, design and execute the clinical development initiatives for our pipeline of diabetes and NAFLD/NASH drug candidates.”
About Islet Regeneration Peptide HTD4010
Insulin-dependent diabetes is characterized by loss or dysfunction of beta cells, contained within pancreatic islet cells. Although type 1 and 2 diabetes differ in their pathogenesis, islet cell regeneration is a promising therapy for both diseases. HighTide’s islet regeneration peptide HTD4010 is expected to enter phase II clinical trials in early 2017.
Non-alcoholic fatty liver disease (NAFLD) is a condition characterized by excess fat deposition in the liver and is a common comorbidity of diabetes and obesity. A subset of patients with NAFLD progress to develop non-alcoholic steatohepatitis (NASH), which can result in cirrhosis, hepatocellular carcinoma, and liver failure, often necessitating liver transplantation.1
About HighTide Biopharmaceutical Ltd.
HighTide Biopharmaceutical Ltd. is a subsidiary of Shenzhen Hepalink Pharmaceutical Co., Ltd. The company is focused on the development of novel therapeutics for the treatment of diabetes and chronic metabolic diseases with significant unmet medical needs. For more information, visit www.hightidebio.com.
About ProSciento, Inc.
ProSciento is a metabolism-focused, full scope clinical R&D services provider, with a mission to advance the global development of novel therapeutics for diabetes, NASH and obesity. The company is widely recognized for quality and scientific excellence, an unparalleled methodological toolkit, and extensive experience with virtually all metabolic drug and device classes. Utilizing its scalable R&D services model – combining deep therapeutic area expertise, strategic planning, an unparalleled methodological tool kit, and operational execution from late preclinical to phase III readiness – ProSciento provides highly customizable services for its global client base in today’s rapidly evolving landscape of metabolic drug and device development. For more information, please visit www.nashpass.wpengine.com.
For media inquiries, please contact:
Senior Director, Corporate Communications, ProSciento, Inc.
Tel: +1 858 663-6148
For business development inquires:
For clinical study enrollment inquires:
Tel: +1 (866) 308-7427
Haiyan Ni, Public Relations
Shenzhen HighTide Biopharmaceutical, Ltd.
+86 755 2153 4843