Britain's Vectura collaborates with
Janssen in asthma, COPD
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[January 06, 2015]
LONDON (Reuters) - Vectura Group, a
respiratory drugs specialist, will work with Janssen Biotech to develop
treatments for asthma and lung disease COPD, it said on Tuesday.
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The collaboration will kick off with the development of a drug
candidate for intermediate Phase II clinical trials, the British
company said.
Janssen, a unit of Johnson & Johnson, will then use Vectura's dry
powder inhaler technologies in the development of inhaled
therapeutics for airways-related diseases such as asthma, a market
worth in excess of $46 billion worldwide, Vectura said.
Shares in Vectura, which also has collaborations with companies
including Novartis and GlaxoSmithKline, were trading up 1.3 percent
at 133 pence at 0937 GMT.
Finncap analyst Keith Redpath said Vectura would be responsible for
pharmaceutical development and preparation for the clinical trial,
and he believed it would provide both technology and expertise in
dry powder formulation and delivery.
He kept his 202 pence a share price target unchanged.
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(Reporting by Paul Sandle; Editing by Mark Potter)
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