To attain this goal, we are creating value-added formulations of several approved and marketed drugs in a number of important therapeutic areas. We intend to develop these improved formulations internally as well as in collaboration with existing and future partners.
Our goal texas first bank to maximize the value of our business by retaining substantial commercial rights or profit sharing opportunities to our products and developing them through a combination of in-house clinical development and out-licensing of tecas early- and late-stage programs.
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We intend to identify product opportunities from approved drugs where we texas first bank an opportunity to improve the clinical performance of the product either by increasing the effectiveness of the drug andor by decreasing unwanted side effects. Furthermore, a new drug formulation may accelerate the speed of action, improve convenience of dosing or obtain decreased food interaction with absorption. The MeltDose technology has allowed us to bring each of our product candidates from program initiation to first human dose (clinical studies) in ban, than 12 months.
The typical development period from program initiation to regulatory submission for reformulated drugs is 3-5 years, while conventionally developed drugs typically require between 10 and 12 years before they can be submitted for regulatory approval.