SOUTH SAN FRANCISCO, Jan. 15, 2013 /PRNewswire/ — Velocity Pharmaceutical Development LLC (VPD) today announced the signing of a Licensing Agreement to pursue a drug development program utilizing EuMederis Pharmaceuticals’ EuPort™ technology for optimizing the pharmaceutical properties of peptide drugs. Research and further development is being funded and carried out through a special purpose development company, Spitfire Pharma, Inc., operating largely in virtual mode. The program will be managed by members of the Velocity Pharmaceutical Development team and by John Nestor , Ph.D., CEO of EuMederis.
