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Cornerstone buys license to Cough Company intellectual property

North Carolina pharma group aims to expand range of medicines with acquisition.

Cornerstone Therapeutics has acquired a license to certain of Alitair Pharmaceuticals' (The Cough Company) proprietary intellectual property, under a license and development agreement to develop one or more cough and cold products to treat respiratory diseases.

The Cough Company has a portfolio of patents pending, which relate to its proprietary drug delivery system. The portfolio includes claims covering solid oral dosage formulations in a variety of therapeutic categories.

Pursuant to the agreement, Cornerstone is expected to make an upfront one-time payment and has committed to making subsequent success-based milestone payments, as well as royalties based on any future net sales of licensed products.

Craig Collard, president and CEO of Cornerstone, said: "We view The Cough Company as an important partner in the continued development of our cough and cold franchise, which is a key aspect of our growth strategy.

"This collaboration has the potential to significantly enhance our pipeline, which already includes multiple innovative product candidates in the respiratory space."

William Howard, president of The Cough Company, said: "Cornerstone provides the respiratory marketing expertise which we believe will translate our development program into multiple commercial successes. We look forward to moving our platform forward with Cornerstone's support."

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No, David Cameron’s speech was not “left wing”

Come on, guys.

There is a strange journalistic phenomenon that occurs when a party leader makes a speech. It is a blend of groupthink, relief, utter certainty, and online backslapping. It happened particularly quickly after David Cameron’s speech to Tory party conference today. A few pundits decided that – because he mentioned, like, diversity and social mobility – this was a centre-left speech. A leftwing speech, even. Or at least a clear grab for the liberal centre ground. And so that’s what everyone now believes. The analysis is decided. The commentary is written. Thank God for that.

Really? It’s quite easy, even as one of those nasty, wicked Tories, to mention that you actually don’t much like racism, and point out that you’d quite like poor children to get jobs, without moving onto Labour's "territory". Which normal person is in favour of discriminating against someone on the basis of race, or blocking opportunity on the basis of class? Of course he’s against that. He’s a politician operating in a liberal democracy. And this isn’t Ukip conference.

Looking at the whole package, it was actually quite a rightwing speech. It was a paean to defence – championing drones, protecting Britain from the evils of the world, and getting all excited about “launching the biggest aircraft carriers in our history”.

It was a festival of flagwaving guff about the British “character”, a celebration of shoehorning our history chronologically onto the curriculum, looking towards a “Greater Britain”, asking for more “national pride”. There was even a Bake Off pun.

He also deployed the illiberal device of inculcating a divide-and-rule fear of the “shadow of extremism – hanging over every single one of us”, informing us that children in UK madrassas are having their “heads filled with poison and their hearts filled with hate”, and saying Britain shouldn’t be “overwhelmed” with refugees, before quickly changing the subject to ousting Assad. How unashamedly centrist, of you, Mr Prime Minister.

Benefit cuts and a reduction of tax credits will mean the Prime Minister’s enthusiasm for “equality of opportunity, as opposed to equality of outcome” will be just that – with the outcome pretty bleak for those who end up losing any opportunity that comes with state support. And his excitement about diversity in his cabinet rings a little hollow the day following a tubthumping anti-immigration speech from his Home Secretary.

If this year's Tory conference wins the party votes, it’ll be because of its conservative commitment – not lefty love bombing.

Anoosh Chakelian is deputy web editor at the New Statesman.