On February 24, 2017 Xynomic Pharmaceuticals, Inc., an oncology drug research and development company, reported that it has acquired exclusive worldwide rights to develop, manufacture and commercialize Abexinostat, a potentially best-in-class innovative HDAC inhibitor targeting hematological and solid tumors (Press release, Xynomic Pharmaceuticals, FEB 24, 2017, View Source [SID1234527688]).

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To date a total of 17 Phase 1 and 2 clinical trials of Abexinostat in US, EU and Asia have already been completed, demonstrating that Abexinostat is clinically active in multiple tumor settings with a more favorable safety profile among HDAC products. Xynomic aims to initiate Phase 3 registrational trials worldwide in Q3’2017.

"We are honored and excited to forge this landmark agreement. We will deploy necessary resources and closely work with KOLs to expeditiously bring this innovative drug to the market to address unmet medical needs," said Mr. Y. Mark Xu, Co-Founder, Chairman and CEO of Xynomic.