Press release
Nanoform and Herantis sign Biologics Proof of Concept Agreement
The agreed and non-exclusive collaboration is intended to assess the utility of Nanoform's latest nanoparticle platform technology for biologic drugs. The technology was launched in late 2020, post filing of a provisional patent application with the US Patent Office, to enable production of biological nanoparticles as small as 50 nm.
Nanoform will carry out, for compensation on standard commercial terms, formulation PoC projects on Herantis' CDNF molecules leveraging Nanoform's novel platform and its in-house formulation expertise. The goal of the planned collaboration is to develop a formulation that increases the probability of success for enhanced penetration into the brain via the nasal drug delivery route for CDNF.
"We are delighted to finalise the Agreement with Herantis and initiate our partnership together. Brain delivery for biologicals and small molecules is a hugely challenging route of administration and we firmly believe nanoparticles have a key role to play in enhancing and hopefully enabling this. Since the launch of our Biologics nanoparticle technology platform, we have experienced a high level of interest from the industry in exploring how our nanoparticles can potentially enable drug delivery opportunities and solve challenges in this space and we look forward to onboarding further partners both on the Biologics and Small molecules side." said
"Intranasal delivery of CDNF is a key focus for Herantis. One of our important initiatives in this regard is the work with Nanoform to enhance and enable superior formulations of the pioneering new drugs we have developed and is a key and exciting opportunity for Herantis. Initiating this PoC formulation work is a solid start to 2021 and we look forward to evaluating Nanoform's technologies to explore the potential enhancements of the drug delivery applications in this complex and challenging field. It is our hope that this collaboration will open up new possibilities for improving the lives of patients with Parkinson's and other related diseases. We value the opportunity to enter into collaboration with Nanoform and look forward to what the future brings." said Dr.
For further information, please contact:
Christian.jones@nanoform.com / +44 7804 474771
For investor relations queries, please contact:
hvh@nanoform.com / +46 7686 650 11
About Nanoform
Nanoform is an innovative nanoparticle medicine enabling company. Nanoform works together with pharma and biotech partners globally to provide hope for patients in developing new and improved medicines utilizing Nanoform's platform technologies. The company focuses on reducing clinical attrition and on enhancing drug molecules' performance through its nanoforming technologies and formulation services. Nanoform's capabilities include GMP manufacturing, and its services span the small to large molecule development space with a focus on solving key issues in drug solubility and bioavailability and on enabling novel drug delivery applications. Nanoform's shares are listed on the Premier-segment of Nasdaq First North Growth Market in
About
Forward-Looking Statements (Nanoform)
This press release contains forward-looking statements, including, without limitation, statements regarding Nanoform's strategy, business plans and focus. The words may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," believe," "estimate," "predict," "project," "potential," "continue," "target" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements in this press release are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, any related to Nanoform's business, operations, clinical trials, supply chain, strategy, goals and anticipated timelines, competition from other companies, and other risks specified in Nanoform's prospectus published (on
https://news.cision.com/nanoform/r/nanoform-and-herantis-sign-biologics-proof-of-concept-agreement,c3282487
https://mb.cision.com/Main/18905/3282487/1369738.pdf
(c) 2021 Cision. All rights reserved., source