Singapore, Jan. 16 -- ASKA Pharmaceutical Co., Ltd. and KinoPharma, Inc., both based in Tokyo, announced that they have entered into an option agreement for an exclusive license for the development and commercialization of a candidate drug for cervical dysplasia under preclinical development by KinoPharma.

Under the agreement, ASKA will obtain a right to exercise an option to jointly develop with KinoPharma and to exclusively sell the drug in Japan, and KinoPharma will receive consideration for the Option Agreement followed by an upfront payment and milestone payments of the exclusive license from ASKA.

Cervical dysplasia is a preliminary stage of cervical cancer, and its causes are predominantly due to persistent infections of human pa...