FDAnews Drug Daily Bulletin

ATHENAGEN ACQUIRES OSPREY PHARMACEUTICAL COMPANY

April 14, 2006
A A

Athenagen, Inc., a privately held biopharmaceutical company, announced today that it has acquired the assets of Osprey Pharmaceutical Company, which include a lead clinical compound targeting Alzheimer's disease, as well as a large library of related analogs. The lead compound, GTS-21, is a novel, orally active alpha-7 nicotinic acetylcholine (nACh) receptor agonist that has demonstrated memory and cognition enhancement activity in Phase I studies.
PR Newswire