Cosmo Pharmaceuticals : A new AI agreement with Medtronic
>Extension of the AI agreement, up-front payment of $ 100m - In line with its agreement with Medtronic for GI Genius, we learned this morning that Cosmo has just signed a new deal with the US group in AI. This deal aims to grow the group’s expertise in AI and notably the endoscopy segment. The focus areas for development have not yet been announced, but in any case the aim will be to widen the group’s diagnostics spectrum through the AI Access platform. As part o...Cosmo Pharmaceuticals N.V. is a specialty pharmaceutical company. The Company develops therapies for gastrointestinal disorders. The Company's clinical development pipeline specifically addresses treatments for inflammatory bowel diseases, colorectal cancer diagnosis and colonoscopy. It has developed a medical device for polyp excision and is developing a product for the detection of colon cancer. Its pipeline includes Lialda/Mezavant/Mesavancol, which is indicated for mild to moderate ulcerative colitis; Uceris/Cortiment, which is indicated for mild to moderate ulcerative colitis; Zacol NMX, which is indicated for intestinal disorders; Rifamycin SV MMX, which is indicated for Travelers' Diarrhea and uncomplicated diverticulitis, among others; CB-17-01, which is indicated for chromoendoscopy for colorectal cancer prevention in surveillance patients; CB-17-04, which is a sub mucosal injectable composition, and CB-01-12, which is an antibody anti-tumor necrosis factor (TNF) alpha drug.
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