The trial Was negotiated and will be coordinated by Molecular Pharmacology Limited, an Australian company which MPL USA entered into a share purchase agreement to acquire in November 2005. MPL USA holds the worldwide exclusive license to manufacture, market and distribute topical anti-inflammatory and analgesic products based on the proprietary MPL-TL compound. MPL USA will coordinate with research partners in Singapore and Australia the development of MPL-TLB100 and other compounds based on MPL-TL. Australia and Singapore have been recognized as among the most effective and efficient locations for clinical trial development in the World. MPL USA will oversee the commercialization of the MPL-TL drug candidates.
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