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Z-Cube, Yissum Research Ink Licensing Deal

Z-Cube, a venture of Italy-based Zambon Company, and Yissum Research Development Company of Israel have signed a license agreement for Z-Cube to develop and commercialise a nanotechnology drug delivery system for the treatment of pain.

As per the deal, Z-Cube will sponsor a research program to be conducted by Prof. Touitou and her group. Z-Cube will have worldwide exclusive rights to develop and commercialize the technology for pain applications while Yissum will receive license fees, milestones and royalty payments. In addition, Z-Cube will have the right to grant sublicenses.

israel-based Yissum Research Development Company has registered 6100 patents covering 1750 inventions; has licensed out 480 technologies and has spun out 65 companies.

Z-Cube – Zambon Company S.p.A. is engaged innthe business of Drug Delivery System (DDS) exploitation. Z-Cube invests in and validates early stage innovative DDS with the potential to generate new products in selected therapeutic areas, with the opportunity to generate NewCos.