AnGes, Medikit deal

AnGes and medical device manufacturer Medikit signed a memorandum of understanding to develop, manufacture and commercialize a PTA balloon catheter coated with AnGes's NF-kappa B decoy oligo anti-inflammatory compound to prevent restenosis. Both companies are responsible for developing the catheter, which is in preclinical testing. Medikit is responsible for manufacturing and marketing. The territories covered under the deal are currently being negotiated. Financial terms were not disclosed. ...