Industry Biotechnology Founded 2005 | Headquarters Saskatoon, Canada | |
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”).
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History
Saskatchewan Research Council operates a bio-processing 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. The successful progression of G31PRecently the University of Saskatchewan 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)