Future Development
Summit PLC has indicated no plans to bring the pill form of SMT D002 to market, but has stated an intention to develop a topical formulation of the drug. The reason for developing a topical formulation has been given by Summit as 'to improve the way is administered' and 'because it likely to work more quickly'.
In May 2009 it was reported that, as part of a restructuring programme, a cross-licence agreement had been made with Orient Pharma Ltd:
Under the terms of the agreements, Orient gains exclusive development and commercialisation rights in Asia Pacific and Australasia and will be responsible for all development, manufacturing and distribution costs associated with the products within its territories. Summit retains the rights to the products in North America, Europe and the rest of the world and has rights to access data generated by Orient. This includes new formulations of the products and clinical trial results, which the Company can use to secure future commercial agreements within its territories.'
A press release dated May 2010 implies that Summit PLC is no longer committing significant resources to SMT D002:
Although Summit’s future research and development activities are now primarily focused on the SeglinTM technology, remain a potential source of future value upside that requires no investment from the Company.'
However, Summit seems to have passed the drug onto AndroScience Corporation, who have just successfully completed double-blind clinical trials.
Read more about this topic: SMT D002
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