MedPharm has expanded its relationship with the NASDAQ listed biopharmaceutical company Novan Inc.
MedPharm has previously supported Novan by testing the company’s unique formulations using its proprietary in vitro models to optimise Novan’s formulations and de-risk product development.
The newly expanded agreement between the companies will broaden the relationship to include development of formulations and selection of product candidates, cost-effective product target screening and the development of in vitro models focused on Novan’s nitric oxide product technology.
Eugene Ciolfi, MedPharm’s President & CEO, said that this new agreement enables quick reactions to changes in requirements and makes full use of MedPharm’s comprehensive services for de-risking Novan’s product development.
“Novan recognises MedPharm has in-depth experience in developing new topical products fit for commercialisation”, said Paula Brown Stafford, Novan’s President and Chief Operating Officer. “The team’s responsiveness, rigorous scientific approach and specialised knowledge makes MedPharm an ideal partner to help Novan achieve its objectives.”