IL Therapeutics Inc. was previously owned by Western Life Sciences Venture Fund LP
("Western Life Sciences") and in 2006 its shares were purchased by Pacgen Biopharmaceuticals Corporation ("Pacgen").
History
Saskatchewan Research Council
The Saskatchewan Research Council (SRC) is a provincial treasury board crown corporation engaged in research and technology development on behalf of the provincial government and private industry. It focuses on applied research and development pr ...
operates a bioprocessing laboratory which facilitated biomedical research. IL Therapeutics was developed from research first begun at the Western College of Veterinary Medicine.
Pharmaceuticals
Currently IL Therapeutics is working on a drug candidate, IL-8(3-73)K11R/G31P ("PAC-G31P") for relief of Acute Respiratory Distress Syndrome (ARDS).
The Saskatchewan Research council, SRC also assisted with the funding of this project through the Agriculture Development Fund - SRC Industry Venture Fund.
With the successful progression of G31P, the
University of Saskatchewan
A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, ...
Industry Liaison Office (ILO) decided to commercialize a commercialize this new drug treatment. This research has been sponsored by a $3 million boost from the Western Life Sciences Venture Fund (WLS)
See also
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Biotechnology
Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used ...
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List of biotechnology companies
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Innovation Place Research Park
Innovation Place is the registered business name of the Saskatchewan Opportunities Corporation (SOCO), a crown corporation in Saskatchewan. SOCO operates two research parks: one located near the University of Saskatchewan in Saskatoon, Saskatchewan ...
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University of Saskatchewan
A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, ...
References
External links
ILC Therapeutics LtdUniversity of Saskatchewan Research - Discovery @ U of S: May 24, 2006AgBiotech BulletinEurope and GMOs: the dance continues In this issue:U of S News Releases: November 2004 ArchivesUntitlesWestern College of Veterinary Medicine
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Biotechnology companies established in 2005
Research institutes in Canada
University of Saskatchewan
Companies based in Saskatoon
Pharmaceutical companies of Canada
Biotechnology companies of Canada
Biotechnology companies disestablished in 2006
2006 mergers and acquisitions