Zealand Pharma (CPH:ZEAL) (OTC: ZLDPF) President and CEO Dr. David Solomon details timeframes in the development of lixisenatide, a treatment for type-2 diabetes licensed to Sanofi (NYSE:SNY), in this video interview.
“We’ve had a terrific partnership with [Sanofi] since 2003. They’ve advanced this through ten Phase III studies, 38 countries, 400 sites, and over 4300 patients , and we’re very pleased to report that the results of all those ten trials have been positive to date,” says Solomon. Currently lead by Novo Nordisk’s (NYSE:NVO) Victoza and Amylin’s (NASDAQ:AMLN) exenatide products, lixisenatide sets itself apart in this growing GLP-1 market ($6B by 2017) with good glycemic control and weight-loss - often difficult for diabetes patients. They hope to market the treatment as a monotherapy and also as a combination product with leading global insulin Lantus.
Solomon says Zealand is also seeking partnerships for some of their 11 early-stage pipeline candidates. He discusses implications of the company’s balance sheet and Zealand’s financial outlook for the next few years as they focus on novel poly-pharmacological approaches to diabetes treatment.
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