180 Life Sciences (NASDAQ: ATNF), a clinical-stage biotechnology company focused on the development of novel drugs that fulfill unmet needs in inflammatory diseases, fibrosis and pain, today announced its entry into a memorandum of understanding (“MOU”) with Celltrion Healthcare, a leading biopharmaceutical company. The MOU is for the supply of an anti-TNF biosimilar drug used in the ongoing development of anti-TNF products for new indications with significant unmet medical needs. “We are delighted at the opportunity to enter into a proposed business relationship with Celltrion Healthcare, the global leader in developing biosimilars including the world’s first antibody biosimilar, Remsima(R), infliximab for major autoimmune disorders such as rheumatoid arthritis and ulcerative colitis,” said 180 Life Sciences CEO Dr. James Woody. “Celltrion Healthcare’s capabilities for developing biosimilars globally are a natural fit for 180 Life Sciences as we look to extend anti-TNF therapies into new indications. We expect to memorialize our agreement in a binding letter of intent (‘LOI’) near term.”
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About 180 Life Sciences Corp.
180 Life Sciences is a clinical-stage biotechnology company focused on the development of novel drugs that fulfill unmet needs in inflammatory diseases, fibrosis and pain by leveraging the combined expertise of luminaries in therapeutics from Oxford University, the Hebrew University and Stanford University. 180 Life Sciences is leading the research into solving one of the world’s biggest drivers of disease — inflammation. The company is driving groundbreaking studies into clinical programs, which are seeking to develop novel drugs addressing separate areas of inflammation for which there are no effective therapies. The company’s primary platform is a novel program to treat fibrosis using anti-TNF (tumor necrosis factor). For more information, visit the company’s website at www.180LifeSciences.com.
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