SOURCE: DARA BioSciences, Inc.

DARA BioSciences, Inc.

January 12, 2011 09:30 ET

Taglich Brothers Initiates Coverage on DARA BioSciences, Inc.

NEW YORK, NY--(Marketwire - January 12, 2011) - Taglich Brothers, Inc. announces it initiated coverage of DARA BioSciences, Inc,

DARA BioSciences, Inc. (NASDAQ: DARA), headquartered in Raleigh, NC, is a development stage company that acquires the rights to high-potential therapeutic molecules and medical technologies from pharmaceutical companies and academic institutions. The company undertakes further clinical development of acquired product candidates to a point where they can be sold or licensed to pharmaceutical companies that need to reinforce their pipelines with promising products. 

The companies that license or acquire DARA's product rights assume responsibility for completing clinical development and regulatory review submissions, and launching the products. DARA earns a combination of upfront fees, milestone payments and royalties on its licensing agreements.

DARA currently has two drug candidates, both of which have approved Investigational New Drug applications (INDs) from the FDA. KRN5500, a treatment for the treatment of neuropathic pain in cancer patients has completed a Phase 2a trial. DB959, a treatment for type 2 diabetes, has completed a Phase 1 study. The company's portfolio includes potential therapies for multiple sclerosis, Alzheimer's and autoimmune disorders. DARA has licenses to metabolic disease (including Type 2 diabetes) treatments from Bayer, treatments for pain and central peripheral nervous system conditions from Kyowa Hakko Kirin Co., and DPP-IV inhibitors for the treatment of type 2 diabetes and other metabolic diseases from Nuada, LLC.

The complete 19-page report is available at

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    Richard Oh
    Taglich Brothers, Inc.