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Oct 3, 2008

Kuros Biosurgery and Aeris Therapeutics : Exclusive License Agreement in the Field of Lung Volume Reduction

September 23, 2008 - Kuros Biosurgery AG and Aeris Therapeutics, Inc., both privately held biotech companies, announced today that Kuros has granted Aeris an exclusive license in the field of lung volume reduction to certain patent rights Kuros exclusively licensed from the American Red Cross that cover the delivery of certain drugs in a fibrin sealant. In return for the license, Kuros will receive upfronts, milestones and royalties on the sale of Aeris’ lead product, the AeriSeal™ Biologic Lung Volume Reduction (BLVR) System, a novel investigational emphysema treatment. Aeris is currently preparing for the initiation of Phase 3 clinical trials for the AeriSeal BLVR system... [PDF] Kuros Biosurgery's Press Release - Aeris Therapeutics' Press Release -