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U.Va.
Patent Foundation Inks Licensing Pact With Carter-Wallace February 28, 2001-- The University of Virginia Patent Foundation of Charlottesville, Va., has entered into a licensing agreement with Carter-Wallace, Inc. of New York for a new treatment of nervous system disorders using a derivative of felbamate, a drug approved in 1993 for treating patients with epilepsy. Carter-Wallace holds worldwide rights for development and marketing of the licensed product. Financial terms of the agreement were not disclosed. For years, scientists have sought to find new or improved treatments for patients with central nervous system disorders, such as epilepsy, stroke, migraines, and neurological degenerative disorders. In recent years, the laboratory directed by Timothy Macdonald, U.Va. professor and chairman of the Department of Chemistry, has studied felbamate in an attempt to create new, more effective drugs with fewer side effects. Preliminary animal studies have shown that some of these new chemical derivatives may be safer and more effective than felbamate. Macdonald’s research focuses on the application of organic chemical theory to biological problems. His current research seeks to understand the molecular interactions and mechanisms of small molecule-protein interactions, which has enabled him to develop new drugs with less potential for toxic side effects. About Carter-Wallace, Inc. Carter-Wallace, Inc. was founded in 1880 as the Carter Medicine Company and, at that time, marketed only a single product, Carter’s Little Liver Pills. Since then, the company has grown through mergers, acquisitions, and alliances to become an international marketer of pharmaceuticals, diagnostics, and consumer and health-care products. About the University of Virginia Patent Foundation The University of Virginia Patent Foundation is a not-for-profit corporation affiliated with University of Virginia, and is responsible for licensing to business and industry the intellectual property discovered and created in University laboratories Contact: Charlotte Crystal, (804) 924-6858 |
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