Latest News | Alkem Inks License Agreement with Harvard University's OTD

New Delhi, Feb 11 (PTI) Alkem Laboratories on Friday said it has inked a licence agreement with Harvard University's Office of Technology Development (OTD) to develop and commercialise a novel technology for effective treatment of diabetic neuropathy, foot ulcers, peripheral arterial disease (PAD) and other injuries caused by vascular disease.

Developed in the lab of David Mooney at Harvard's Wyss Institute for Biologically Inspired Engineering and John A Paulson School of Engineering and Applied Sciences (SEAS), the technology is an injectable, biocompatible scaffold for the sustained release of tissue-regenerative molecules.

Also Read | OnePlus Nord CE 2 5G Teased on Amazon India, MediaTek Dimensity 900 & 65W SuperVOOC Fast Charging Confirmed.

Alkem plans to apply its drug development and manufacturing capability to advance this technology from bench to bedside through the application of efficient translational, pre-clinical, and clinical models.

"This license agreement with Harvard enables us to harness an innovation with great clinical potential, identified and nurtured by the Wyss Institute, to bring novel treatments to market.

Also Read | Tesla Recalls Over 5.78 Lakh Cars Over a Potential Issue With Boombox Feature: Report.

"It also serves as an example of Alkem's commitment to fostering continued academic, clinical, and commercial collaborations to bring impactful medical technologies to patients," Alkem Laboratories Managing Director Sandeep Singh said in a statement.

The license grants Alkem commercialisation rights in the US and India.

"This technology license represents yet another successful initiative by the Wyss Institute to advance our mission of bringing life saving technologies out of the lab and into the real world.

"Alkem' s position in India gives it the potential to reach many millions of patients who do not have access to expensive, brand-name treatments, which could significantly contribute to the reduction of human suffering globally," the Wyss Institute's Founding Director Donald Ingber said.

Ingber is the Judah Folkman Professor of Vascular Biology at Harvard Medical School and Boston Children's Hospital, and Professor of Bioengineering at Harvard SEAS.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)