60 Degrees Pharmaceuticals Announces Exclusive Option Agreement with Florida State University to Advance Castanospermine for Tick-Borne Diseases
- License expands collaboration with
Florida State University to evaluate castanospermine for Powassan virus disease, tick-borne encephalitis, alpha-gal syndrome, and post-treatment Lyme disease - Agreement builds on Company's expertise in vector-borne diseases and complements ongoing development of tafenoquine for babesiosis
- Company continues to evaluate multiple regulatory pathways for castanospermine while prioritizing prescription drug development
Under the agreement, 60 Degrees Pharma has an exclusive option to negotiate an exclusive
Castanospermine is a naturally occurring iminosugar found in Australian Chestnut (Castanospermum australe). The compound has demonstrated broad antiviral and immunomodulatory activity in preclinical studies. There is substantial human safety experience from clinical trials with celgosivir, a pro-drug that converts almost completely to castanospermine after oral administration.
“This agreement reflects our belief that castanospermine may have its greatest long-term value as the basis for innovative prescription medicines addressing important unmet needs in tick-borne diseases,” said
The Company recently met with the
About 60 Degrees Pharmaceuticals, Inc.
60 Degrees Pharmaceuticals, Inc., founded in 2010, specializes in developing and commercializing new medicines for the treatment and prevention of vector-borne disease. The Company achieved U.S. Food and Drug Administration approval of its lead product, ARAKODA® (tafenoquine), for malaria prevention in 2018. ARAKODA is commercially available in the U.S. and Australia. 60 Degrees Pharmaceuticals, Inc. also collaborates with prominent research and academic organizations in the U.S. and Australia. 60 Degrees Pharmaceuticals, Inc. is headquartered in Washington, D.C., with a subsidiary in Australia. Learn more at www.60degreespharma.com.
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Media Contact
Kristen Landon
kristenlandon@60degreespharma.com
Investor Contact
Patrick Gaynes
patrickgaynes@60degreespharma.com
