Key points:

  • Anatara signs an exclusive evaluation and license option agreement with the global animal health company, Zoetis Inc. to explore the utility of Detach™ a non-antibiotic anti-infective product, for use in food production animals
  • Detach™ has the potential to play a part as an alternative to traditional antibiotics to control infections in farm animals, as public health officials worldwide seek strategies to combat antimicrobial resistance
  • Agreement grants Zoetis an exclusive option to license Detach™ for development and marketing worldwide with Anatara retaining rights to Australia and New Zealand

Anatara Lifesciences (ASX:ANR) today announced that it has signed an exclusive evaluation and license option agreement with the leading global animal health company Zoetis Inc. for Detach™, Anatara's non-antibiotic anti-infective product.

Under terms of the agreement, Zoetis will have exclusive rights to evaluate the potential applications of Detach™ for veterinary use in food production animals. Anatara has granted Zoetis an option to license Detach™ for development and commercialisation in markets worldwide while retaining rights to the Australian and New Zealand markets. The Agreement follows the completion of preliminary due diligence by Zoetis.

The financial terms surrounding the Agreement are subject to confidential disclosure; however the Agreement calls for Zoetis to provide Anatara with an upfront and subsequent cash payments during the Option Period. The companies have agreed on an aggressive research program for investigation of the utility in multiple livestock species during the option period. The Agreement will allow Anatara to further strengthen its Balance Sheet.

Anatara Chairman Dr Mel Bridges said: "We have had significant international partnering interest in Detach™, and have selected Zoetis as our ideal partner to develop Detach™ for registration and launch worldwide for use in livestock. The Anatara team look forward to working with Zoetis in fast tracking the development of our lead product.”

The World Health Organization and other global health authorities have adopted action plans to combat antimicrobial resistance. Responsible use of antibiotics in people and animals is a cornerstone of these plans as is investment in innovation to develop innovative alternatives to antimicrobial medicines.

"Anatara's Detach™ technology has potential to play a part as an alternative to traditional antibiotics to treat gastrointestinal diseases in farm animals," said Dr. Scott A. Brown, Vice President, External Innovation, at Zoetis. "We look forward to evaluating the potential utility of this innovative technology as we seek to offer our veterinary and livestock producer customers worldwide new solutions that help protect animal health and bring value to their businesses."

Anatara's intellectual property provided to Zoetis shall remain the sole property of Anatara.

About Anatara LifesciencesAnatara Lifesciences is developing therapeutics for gastrointestinal diseases in production animals and humans. Its lead product Detach™ is a natural plant based product that will help address global concerns around the overuse of antibiotics in production animals that is contributing to the rise of so-called "super bugs" that make infectious diseases harder to treat. The Anatara team has a strong track record in biological science as well as building and growing international biotech companies.

About ZoetisZoetis (zo-EH-tis) is the leading animal health company, dedicated to supporting its customers and their businesses. Building on more than 60 years of experience in animal health, Zoetis discovers, develops, manufactures and markets veterinary vaccines and medicines, complemented by diagnostic products and genetic tests and supported by a range of services. In 2014, the company generated annual revenue of $4.8 billion. With approximately 10,000 employees worldwide at the beginning of 2015, Zoetis serves veterinarians, livestock producers and people who raise and care for farm and companion animals with sales of its products in 120 countries. For more information, visit www.zoetis.com.

For more information please contact:General inquiriesAnatara LifesciencesMel Bridges, +61 (0) 413 051 600Chairmanmelbridges@parmacorp.comPaul Schober, +61 (0) 412 026 657CEOpschober@anataralifesciences.comorMedia inquiriesBuchan ConsultingGavin Lower, +61 (0) 3 8866 1215glower@buchanwe.com.au

Antara Lifesciences (ASX:ANR)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Antara Lifesciences Charts.
Antara Lifesciences (ASX:ANR)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Antara Lifesciences Charts.