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some good news for the future

Discussion in 'Type 1 Diabetes' started by Ellis79, Apr 27, 2014.

  1. Ellis79

    Ellis79 Type 2 · Well-Known Member

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    Hi everyone,

    I am actually type 2 but as I live in Israel I have been the following the fortunes of a biopharmaceutical company over here call Andromeda Biotechology, which has focused exclusively on the development of a therapy for type 1 diabetes. Its lead product, DiaPep 277 is in Phase III trials so I thought it would be only a matter of time before it attracted the interest of one of the major international groups. And sure enough, last Thursday a report appeared on a local news outlet confirming what I had expected all along. Andromeda has been acquired by the US company Hyperion Therapeutics.

    This takes the development of what I think is the first medication specifically for type 1 sufferers one step closer to becoming commercially available and hopefully many more similar items will follow. So all, in all, this is a very important breakthrough. The link to the article appears below.

    http://www.globes.co.il/en/article-hyperion-acquires-andromeda-for-up-to-570m-1000933645

    best,
    Ellis79
     
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