ProtoKinetix and Imaginative Research Sign JV Deal
Over the last 23-years Imaginative Research Associates has successfully partnered with several large pharmaceutical dermatology and cosmetic companies and has licensed out patents and know-how to launch many leading products in the skin care arena.
Upon completion of this formulation, the JV will be able to offer a topical preparation to specifically address skin conditions caused by inflammation. Conditions such as dermatitis, psoriasis and eczema are often treated with applications of corticosteroids or immune modulators, both of which carry inherent, long term health risks.
ProtoKinetixâ€™ AAGP has consistently demonstrated powerful anti-inflammatory properties without toxic side effects. The formulation and development of this therapeutic product line will offer hope for an effective prescription and over the counter preparations to combat these chronic inflammation causing diseases, while eliminating potential risks from many of the current front line treatments.
Naomi Vishnupad is the president and COO of Imaginative Research Associates and has over 10-years of experience in the pharmaceutical industry in all areas of drug development. She has held positions in both big pharma, such as Wyeth Pharmaceuticals and Bristol-Myers Squibb, and small biotech companies.
Ms Vishnupad said: â€œThere is a great need for new topical anti-inflammatory treatments to treat a wide variety of skin conditions, such as atopic dermatitis, eczema, and psoriasis. Many of the available treatments have some undesirable side effects, and new therapeutic treatments would be considered an advancement in dermatology.
Ross Senior, president and CEO of ProtoKinetix, said: â€œThis JV supports ProtoKinetixâ€™ pursuit of AAGP products for markets looking for safe and effective solutions to diseases and conditions caused by chronic inflammation and immune response deficiencies.â€
Will the JV agreement benefit the firms?
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