Hebrew University's Yissum Research Development Co. Ltd. has licensed Israeli specialty pharmaco BioLineRx Ltd. exclusive global development and marketing rights to BL7040, a Phase II-ready drug candidate for inflammatory bowel disease (IBD) and other inflammatory conditions. (Jun.)
Hebrew University's Hermona Soreq, PhD, discovered BL7040, which works on both the nervous and immune systems, making it a potential therapeutic for inflammatory or autoimmune diseases. The compound had shown a high level of efficacy in Phase Ib and IIa trials for myasthenia gravis, but after determining it has a new mechanism of action, BioLineRx is pursuing IBD and inflammatory diseases since they have a larger market opportunity
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