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When old molecules are used to create biotechs

2020-12-04T02:15:58.205Z

The Sofinnova fund has invested in several companies built from the former assets of pharma giants.Large labs hold nuggets, which are not always exploited to their full potential. This is the postulate of Noema, a biotech created last year from four molecules from Roche. One of its founders, George Garibaldi, former head of neuroscience at the Swiss laboratory, bet that these “drug candidates”, which no longer corresponded to Roche's strategic priorities, could experience a second life. Initial



Large labs hold nuggets, which are not always exploited to their full potential.

This is the postulate of Noema, a biotech created last year from four molecules from Roche.

One of its founders, George Garibaldi, former head of neuroscience at the Swiss laboratory, bet that these “drug candidates”, which no longer corresponded to Roche's strategic priorities, could experience a second life.

Initially developed in psychiatry, these molecules could treat certain orphan neurological diseases (Gilles de la Tourette, etc.).

That is to say a potential market of one billion euros by cumulating all the indications.

In the light of scientific publications, he convinced Sofinnova Partners, one of the European leaders in venture capital specializing in life sciences.

Save time and money

Noema is not the first biotech to have been built from old molecules.

When clinical trials are not progressing fast enough or when candidates

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Source: lefigaro

All business articles on 2020-12-04

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