IL Therapeutics explained

IL Therapeutics Inc. was previously owned by Western Life Sciences Venture Fund LP("Western Life Sciences") and in 2006 its shares were purchased by Pacgen Biopharmaceuticals Corporation ("Pacgen").^{[1] [2]}

History

Saskatchewan Research Council operates a bioprocessing laboratory which facilitated biomedical research. IL Therapeutics was developed from research first begun at the Western College of Veterinary Medicine.

Pharmaceuticals

Currently IL Therapeutics is working on a drug candidate, IL-8(3-73)K11R/G31P ("PAC-G31P") for relief of Acute Respiratory Distress Syndrome (ARDS).^[1] The Saskatchewan Research council, SRC also assisted with the funding of this project through the Agriculture Development Fund - SRC Industry Venture Fund.^[3] With the successful progression of G31P, the University of Saskatchewan Industry Liaison Office (ILO) decided to commercialize a commercialize this new drug treatment. This research has been sponsored by a $3 million boost from the Western Life Sciences Venture Fund (WLS)^[4]

See also

• Biotechnology
• List of biotechnology companies
• Innovation Place Research Park
• University of Saskatchewan

External links

• ILC Therapeutics Ltd
• University of Saskatchewan Research - Discovery @ U of S: May 24, 2006
• AgBiotech Bulletin
• Europe and GMOs: the dance continues In this issue:
• U of S News Releases: November 2004 Archives
• Untitles
• Western College of Veterinary Medicine

Notes and References

1. Pacgen Biopharmaceuticals Acquires IL Therapeutics Inc. . April 12, 2006 . https://web.archive.org/web/20110715032138/http://www.pacgenbiopharm.com/investor/pdfs/news_release20060412.pdf . July 15, 2011 . Pacgen Biopharmaceuticals . August 11, 2018.
2. Web site: Pacgen Biopharmaceuticals Acquires IL Therapeutics Inc. . April 12, 2006 . Pacgen Biopharmaceuticals . August 11, 2018.
3. Book: Saskatchewan Research Council 2005-2006 Annual Report . Sustainable Science Solutions . 7–8 . https://web.archive.org/web/20110706203650/http://www.src.sk.ca/store/account/download_file.cfm?productID=3483&freeDownloadID=538 . July 6, 2011 . August 11, 2018.
4. Saskatoon and District Chamber of Commerce . U of S News Releases: U of S Spin-off gets $3 Million Boost to Develop Anti-inflammatory Drug . December 2004 . Business View . 3 . August 11, 2018.