NetworkNewsBreaks – Processa Pharmaceuticals Inc
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Processa Pharmaceuticals (NASDAQ: PCSA), a clinical-stage biopharmaceutical company developing products to improve the survival and/or quality of life for patients who have unmet medical needs, was featured in a recent article published in the Korea Biomedical Review. The piece, titled “Yuhan emerges as global new-drug developer with $3.6 billion tech export,” discusses Yuhan Corp.’s (OCT: YUHNF) move to enter technology transfer deals with global pharmaceutical companies, including Janssen Biotech, Gilead Sciences Inc. (NASDAQ: GILD), Boehringer Ingelheim and Processa. The article reads, “Yuhan also made a $410.5 million contract with the U.S. Processa Pharmaceuticals in 2020 for transferring the technology of YH12852, a drug candidate for functional gastrointestinal disease. YH12852 treats functional gastrointestinal diseases after surgery by selectively acting on the 5-hydroxytryptamine receptor 4, which plays a key role in regulating movements and senses in the intestine.”
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