On March 17, 2022 Oasmia Pharmaceutical AB, an oncology-focused specialty pharmaceutical company, reported the planned upgrade of its Research and Development laboratory facility for formulations intended to treat cancers (Press release, Vivesto, MAR 17, 2022, View Source [SID1234611840]).

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The laboratory facilities, in Uppsala, Sweden, are being upgraded to provide greater capacity to handle these formulations which include new formulations of Cantrixil and formulations using Oasmia’s proprietary drug delivery platform.

Oasmia acquired the global development and commercialization rights for Cantrixil from Kazia Therapeutics, an Australian oncology-focused biotechnology company in March 2021. Following the publication of positive Phase I results, Oasmia is now preparing for the initiation of a Phase II trial of an intraperitoneal formulation of Cantrixil in advanced ovarian cancer. Oasmia will, among other things, be developing a preclinical intravenous formulation of Cantrixil which will be developed at the new facility in Uppsala.

Kai Wilkinson PhD., Chief Technical Officer of Oasmia, commented "With this new laboratory facility, we will be expanding our capabilities to provide novel developments and formulations. Not only will we be able to formulate new compounds for further clinical testing, but we will also be able to handle more advanced synthesis work, if required."