Colby Pharmaceuticals Acquires Othera Pharmaceuticals
SAN JOSE, Calif.--(BUSINESS WIRE)--Sep 19, 2012 - Colby Pharmaceutical Company (Colby), a privately held San Jose, CA based biopharmaceutical company, announced that it has acquired Othera Pharmaceuticals Inc. (Othera) of Conshohocken, PA. Financial terms of the transaction were not disclosed. With this acquisition, Colby has amassed a leading portfolio of proprietary small molecule compounds for Nrf-2 regulated diseases characterized by oxidative stress injury.
Colby's Chief Executive Officer, David Zarling Ph.D. MBA stated, "We look forward to continuing clinical development of OT-551, OT-440 and other related novel and patented small molecules with strong data demonstrating their ability to target oxidative stress related diseases, including cancer and other conditions caused by chronic inflammation."
"Our merger into Colby gives the combined company a formidable intellectual property portfolio of Nitroxide Tempol- and Tempol-Hydroxylamine-based putative Nrf-2 activating drugs," said David Joseph, Chief Executive Officer of Othera.
About Colby Pharmaceutical Company
Colby is a privately held company based in Madison, WI and San Jose, CA. Colby is developing new oral small molecule signal transduction modulator drugs and immune modulator biopharmaceuticals for cancer, chronic inflammation, pain, infectious diseases, and neurodegenerative diseases. Colby's lead small molecule candidates have unique mechanisms of action and are in newly discovered pathways for molecular targeted therapies to treat patients with hard to treat infections, inflammation, malignancies and pain, with minimal toxicities and side effects. The company encourages inquiries to firstname.lastname@example.org regarding potential investment, partnering, and/or licensing opportunities.
Contact: Colby Pharmaceutical Company
Anne Kathyrn Vallerga, PhD, 1 650-333-3152
Executive Vice President
Posted: September 2012