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URIDINE
TRIPHOSPHATE - a naturally occurring compound that has been shown
to activate the P2Y2
receptor.
NUCLEOTIDE
- A molecule of structure similar to building blocks of nucleic
acids (DNA and RNA). Nucleotides via interaction with specific receptors
stimulate various processes within the cell.
AGONIST
- a chemical substance that activates ("turns on") certain
activities in a cell by binding to and activating a receptor. The
opposite of an agonist is an antagonist, which is a chemical substance
that blocks or reduces ("turns off") certain activities
in a cell by blocking the receptor.
P2Y
RECEPTOR - P2Y receptors are protein molecules expressed on the
surface of cells. Receptors bind specific types of molecules called
ligands (large number of marketed drugs are receptor ligands). This
binding activates specific processes within the cell. A simple way
to think of a drug binding to a receptor is the analogy of a key
fitting a lock. A drug (a key) binds to a receptor (a lock) and
activates specific processes within the cell. Inspire's drug candidates
bind to a particular type of receptor called the P2Y2
receptor
(one type of P2Y receptor) and activate the processes of mucosal
hydration and mucociliary clearance.
MUCOCILIARY
CLEARANCE - The process by which mucosal surfaces such as the lungs
and sinuses are cleared of particles such as dust, bacteria and
viruses by the action of cilia. Cilia are small, hair-like projections
that move in a waving motion to "sweep" debris away from
the mucosal surface. The cilia are suspended in a layer of fluid,
which allows them to move freely. Both the fluid layer and the movement
(or beat) of the cilia are essential for the health of mucosal surfaces
such as the lungs and sinuses.
P2Y
RECEPTOR - P2Y receptors are protein molecules expressed on the
surface of cells. Receptors bind specific types of molecules called
ligands (large number of marketed drugs are receptor ligands). This
binding activates specific processes within the cell. A simple way
to think of a drug binding to a receptor is the analogy of a key
fitting a lock. A drug (a key) binds to a receptor (a lock) and
activates specific processes within the cell. Inspire's drug candidates
bind to a particular type of receptor called the P2Y2
receptor
(one type of P2Y receptor) and activate the processes of mucosal
hydration and mucociliary clearance.
Inspire
was incorporated in October 1993 and began operations in March 1995.
We completed an Initial Public Offering of common stock in August
2000 and follow-on common stock offerings in March 2003, July 2004,
and November 2004. In July 2007, we entered into a securities purchase
agreement for the sale of exchangeable preferred stock to Warburg
Pincus.
Our
common stock is traded on the Nasdaq Global Market under the ticker
symbol "ISPH." Inspire is located in Durham, North Carolina,
adjacent to Research Triangle Park.
Our
original technology was licensed from the University of North Carolina
(UNC). Research conducted by UNC's group at the Cystic Fibrosis
Research Center led to the discovery that UTP
is capable of increasing airway surface hydration and improving
mucociliary
clearance. At that time, P2Y
receptors and their biological activity were just beginning
to be understood. Inspire scientists, working with UNC researchers,
immersed themselves in this emerging field, and were soon recognized
as leaders in the discovery and synthesis of nucleotides
that activate the P2Y2 receptor. Inspire
scientists made and patented many discoveries relating to P2Y2
receptors, their agonists
and their potential importance in the treatment of diseases involving
deficiencies in the body's natural mechanisms for protecting mucosal
surfaces such as the lungs, eyes and sinuses.
Inspire
has discovered and/or developed product candidates for treating
dry eye, cystic fibrosis, glaucoma and allergic rhinitis. In late
2003, Inspire built a specialized sales force of 64 representatives
dedicated to co-promoting Elestat® and Restasis®
to ophthalmologists, optometrists and allergists. Inspire's sales
force has since grown to 98 representatives who additionally call
on high-prescribing pediatricians and primary care physicians for
AzaSite®.
Page
last updated: 18-Feb-2008
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Copyright
© 1999-2005 Inspire Pharmaceuticals Inc. All rights reserved
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