https://www.businesswire.com/news/home/20180729005024/en/

NEWARK, N.J.--(BUSINESS WIRE)--Jul 29, 2018--Logic Biosciences, Inc., a development-stage pharmaceutical company, today announced that its lead product candidate, LBS-101, has been recognized with an Innovation in Oral Care Award from the International Association for Dental Research (IADR). LBS-101 is a long-acting topical formulation of a novel salt of bupivacaine, being developed for oral pain from mouth ulcers (oral mucositis) secondary to chemotherapy or radiation therapy for cancer. The award also includes research funding to the University of Connecticut (UConn), to advance the drug development program. This funding is supported by GlaxoSmithKline, through an unrestricted grant to the IADR. Awardees are selected by a scientific review panel of the IADR. The award was given at the IADR conference held in London, England from July 25-28, 2018.

Mahesh Kandula, CEO of Logic Biosciences, stated, “We are excited about this international recognition for the LBS-101 program. It is noteworthy that the panel of distinguished judges saw the scientific value of our approach and selected this program for this honor. Since our novel drug is based on a known pharmaceutical agent, we expect to have relatively lower drug development costs and a faster path to approval.”