Bayer Schering Pharma licenses Avid's imaging agent

AuntMinnie.com staff writers
Jun 18, 2007

Bayer Schering Pharma of Leverkusen, Germany, has exercised its right to license Avid Radiopharmaceuticals' F-18 AV1/ZK molecular imaging agent that targets amyloid plaques in the brain.

Research shows that the combined use of PET imaging and the AV1/ZK compound may enable earlier and more accurate diagnosis of Alzheimer's disease.

Philadelphia-based Avid entered into an exclusive option agreement with Schering (now Bayer Schering Pharma) in December 2005 for the development of AV1/ZK and related compounds referred to as F-18 stilbenes for PET imaging of Alzheimer's disease.

AV1/ZK is one of several compounds discovered in the laboratory of Dr. Hank Kung from the University of Pennsylvania and exclusively licensed to Avid for development and commercialization.

By AuntMinnie.com staff writers
June 19, 2007

Related Reading

UPenn study awarded SNM Small Animal Image of the Year, June 15, 2007

Avid nets financing, May 10, 2007

Avid releases results for PET Alzheimer's agent, March 23, 2007

Schering, Avid partner on Alzheimer's agents, July 17, 2007

Avid gets funding for new radiotracer, January 25, 2005

Copyright © 2007 AuntMinnie.com

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