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Oscotec's SYK Inhibitor Program Gets Korea Drug Fund Money

 
• By Jung Won Shin

Oscotec is set to accelerate the development of a novel oral rheumatoid arthritis drug, helped by financial support from the state-run Korea Drug Development Fund for a US Phase I clinical trial of the South Korean venture’s spleen tyrosine kinase inhibitor.

SEOUL – The state-run Korea Drug Development Fund (KDDF) has selected the Phase I clinical trial of Oscotec Inc.'s novel oral rheumatoid arthritis drug candidate SKI-O-703 as a project eligible to receive its financial support. SKI-O-703 selectively inhibits spleen tyrosine kinase (SYK), an enzyme linked to various inflammatory diseases including rheumatoid arthritis.

During a preclinical study completed in the US in 2014, SKI-O-703 showed a good toxicity profile and excellent safety margin...

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Pipeline Watch: ASCO Dominates Phase III Readouts

Pipeline Watch is a weekly snapshot of selected late-stage clinical trial events and approvals announced by pharmaceutical and biotech companies at medical and industry conferences, in financial and company presentations, and in company releases and statements.