BDD Pharma, a privately-owned drug delivery company specializing in the development of modified and controlled release oral formulations, and Cingulate Therapeutics, a clinical stage biopharmaceutical company, today announced that the companies have completed a license agreement for BDD’s OralogiK™ timed drug delivery technology. The agreement, which includes an upfront payment, milestones and future royalties, relates to the development of CTx-1301 and CTx-1302 for the treatment of ADHD. The companies have been operating under a license option agreement since 2016.
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BDD Pharma Ltd is a privately-owned drug delivery company specializing in the development of modified and controlled release oral formulations. BDD’s OralogiK™ technology is a tablet-in-tablet drug delivery system providing timed release, sustained release and the opportunity for complex bi- and tri-phasic release of one or multiple drugs. The OralogiK™ technology is protected with granted patents in the US, EU and Japan. Supported by investment from Archangels and the Scottish Investment Bank, BDD has in house clinical trial capabilities for the conduct of gamma scintigraphic/ pharmacokinetic studies in humans.