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BioLineRx Ltd. (TASE:BLRX), Israel's leading drug development company, and the University of Illinois at Urbana-Champaign have announced that they have entered into an exclusive worldwide licensing agreement for the research, development and commercialization of BL-4030, a small molecule for the treatment of cancer. Financial terms of the agreement were not disclosed. By activating a cell death specific protein, BL- 4030 induces apoptosis (cell death) in cancer cells. With this partnership, BioLineRx further strengthens its promising therapeutic pipeline to include 15 compounds.
