OBI Pharma announces acquisition of cancer drug candidate from Threshold Pharmaceuticals

Taipei, Taiwan-headquartered OBI Pharma, Inc., (TPex: 4174), announced last week that an agreement with Threshold Pharmaceuticals, Inc. (NASDAQ: THLD) had been made to acquire TH-3424, a first-in-class novel small-molecule prodrug that selectively targets cancers overexpressing the enzyme aldo-keto reductase 1c3 (AKR1C3).

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Taiwan can become a regional biotech hub, says Vice President Chen

At a recent forum on enhancing the competitiveness of Taiwan’s biotechnology, health and wellness industries held in Taichung, central Taiwan, the country’s Vice President Chen Chien-jen said Taiwan can become a biotechnology hub for the Asia-Pacific region if proper efforts are made.

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