The Company has issued press releases disclosing partnerships with Pfizer, Merck & Co., Johnson & Johnson, and AstraZeneca, all citing the use of the company's drug repositioning technology. Melior Discovery has also used its technology to discover its own drug candidates.[citation needed]
History
Melior Discovery was co-founded in 2005 by Dr. Andrew Reaume (President and CEO) and Dr. Michael Saporito (Vice President of Research).[1] Its investors include Cammeby's Capital Group, VenturEast, Osage Ventures, Mid-Atlantic Angel Group, and BioAdvance.[2]
In March 2009, the Food and Drug Administration (FDA) approved the company's Investigational New Drug (IND) application for a type 2 diabetes therapeutic candidate, MLR-1023.[3] In 2013, the company reported a licensing partnership with Bukwang Pharmaceutical Company LTD[4] and the initiation of clinical trials in March 2015.[5] In June 2016, the company reported positive results from their Phase 2a clinical study in diabetic subjects.[6]
↑"The FDA also approved Melior discovery's IND application for the clinical development of its novel first-in-class kinase activator, MLR-1023, for the treatment of Type 2 diabetes. (New Drug Applications)". 2009-04-01.{{cite web}}: Missing or empty |url= (help)
