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   Highlights of the Israeli High-Tech, Private Equity & Venture Capital Industry           08/02/2007  
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Cell-death co Target-In to collaborate with Indian co.
Published by: Globes
www.globes.co.il
Gali Weinreb and Hadas Manor
01/02/2007

Target-In and Century Pharmaceuticals will jointly develop drugs against asthma and allergies on the basis of molecules discovered by Target-In.

Israeli medical start-up Target-In Ltd. Today signed a cooperation agreement with Indian active pharmaceutical ingredient (API) manufacturer Century Pharmaceuticals Ltd. In Jerusalem. The two companies will jointly develop drugs against asthma and allergies on the basis of molecules discovered by Target-In. The molecules have not yet undergone clinical trials.

The agreement includes terms for long-term collaboration in drug discovery and development. Target-In will help Century Pharmaceuticals set up a joint R&D center. Most of the early-stage drug development will take place in Israel while production will be done in India. The size of Century Pharmaceuticals’ investment in the center was not mentioned.

Target-In founder and CEO Dr. Shai Yarkoni told “Globes” in July 2005 that every cell in the body has a self-destruct mechanism that does no effect on surrounding cells with which it is contact. This mechanism is usually activated by signals from the body. Target-In is developing molecules that will mimic this signal to kill undesirable cells such as cancer tumors or severely inflamed tissues.




For additional details please see www.ivc-online.com:
Target-InShai Yarkoni 




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