After markets closed on Friday, French clinical-stage biotech Adocia (Euronext: ADOC) announced the expiration of Sanofi’s (Euronext: SAN) three-year exclusive right to negotiate a partnership agreement for the development of M1Pram.
“Although no GLP-1 therapy is currently approved for type 1 diabetes, the rise of GLP-1 therapies has reshaped the obesity treatment landscape. We will continue to assess the opportunity for M1Pram as new treatments continue to evolve. In the meantime, we are focusing on the development of our metabolic peptide delivery platforms, particularly BioChaperone, the most strategic since it addresses the market’s recent interest in co-formulations and multi-dose formulations,” said Olivier Soula, chief executive co-founder of Adocia.
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