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DARA BioSciences CEO Says Big Pharma Is Interested in Company's Phase II Drug Candidate


//health-fitness.news-articles.net/content/2011/ .. rested-in-company-s-phase-ii-drug-candidate.html
Published in Health and Fitness on Thursday, February 3rd 2011 at 4:06 GMT by Market Wire   Print publication without navigation


LOS ANGELES, CA--(Marketwire - February 3, 2011) - Richard Franco, the Chairman and Chief Executive Officer of DARA BioSciences (NASDAQ: [ DARA ]), a biopharmaceutical development company in the business of acquiring promising therapeutic candidates, developing them through proof of concept in humans and subsequently selling or out-licensing them to larger pharmaceutical players, says his company's Phase II drug candidate is getting attention, just as he planned it.

"Big phrama is interested in us," says Franco. "We started the process of putting KRN5500 out there as an out-license candidate. We have a number of companies, right now, doing deep due diligence. We have a virtual due diligence room. There are companies both big and medium sized, both international and domestic that are looking at KRN5500 right now."

DARA, working together with the National Cancer Institute, is targeting KRN5500 for the treatment and prevention of neuropathic pain in cancer patients, in particular, chemotherapy-induced neuropathic pain. There are currently no approved marketed medicines for this indication and as such represents a largely untapped market for new therapies.

A full special report and interview with the Chief Executive Officer of DARA BioSciences is now available at:

[ http://biomedreports.com/2011020363211/dara-biosciences-qbig-phrama-is-interested-in-usq.html ]

Investors interested in accessing BioMedReports' complete database of clinical trials and upcoming FDA decisions can go to:

[ http://biomedreports.com/access-our-exclusive-fda-and-clinical-trials-calendars.html ]

News developments and live healthcare sector updates are available constantly via twitter at: [ http://twitter.com/BioMedReports ]

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BioMedReports.com is a news portal covering the biomedical news and financial sector. BioMedReports is not paid or compensated to report the news and developments of publicly traded companies in the healthcare sector of the markets.


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