PR-1 is a novel nanoparticle formulation of docetaxel (Taxotere), a drug widely used in the treatment of a variety of solid tumor types.The American Cancer Society estimates that 1.6 million new cases of cancer will be reported in the US in 2012, and that 577,000 people will die as a result of this disease. Cancer is the second most common cause of death after heart disease, accounting for nearly one in four deaths. Taxotere generated worldwide revenue of ~$2.7B (€2.1) in 2010. A unique opportunity exists for this novel formulation of docetaxel to capture significant market share based on its improved safety, tolerability and efficacy profile over docetaxel (Taxotere).