Nuevolution is a unique drug discovery company poised to revolutionize drug discovery and development by utilizing its proprietary ChemeticsTM technologies to synthesize and identify hundreds of drug leads to virtually any target in weeks. Nuevolution recently announced a new research partnership with Novartis. Novartis will make use of Nuevolution’s proprietary ChemeticsTM technologies for lead discovery. For Nuevolution, the agreement involves upfront payment, research funding and milestone payments. Further, Nuevolution is entitled to royalties on the commercial sales of approved products. The partnership with Novartis is part of Nuevolution’s strategy to leverage its broadly applicable ChemeticsTM technologies through collaboration with leading pharmaceutical and biotechnology companies. Sunstone Capital originally invested in Nuevolution in 2001. SEB Ventures and Sunstone Capital are the main investors.
Santaris Pharma A/S and Shire plc will engage in a multi-year research program utilizing Santaris Pharma’s proprietary Locked Nucleic Acid (LNA) Drug Platform to identify and select drug candidates against certain targets for the treatment of rare genetic disorders.
Santaris Pharma A/S will receive significant upfront payments, milestone payments and royalties for providing access to its LNA technology, exclusivity for three pre-defined targets and funding for discovery.
Partnership for the treatment of rare genetic disorders further demonstrates versatility of the LNA Drug Platform to develop RNA-based medicines for a range of disease areas including metabolic disorders, cancer, infectious and inflammatory diseases.
IPC International has bought all shares in Sunstone Capital portfolio company NatImmune, which is focused on developing protein-based drugs for treatment of cancer and infections.IPC International is a specialty pharma company in growth. Claus Møller, CEO, is excited about the investment in NatImmune and states: “We believe that NatImmune’s drug, which among other things can be used in treatment of warts, seems very promising and it is a perfect match for our niche strategy. Our goal is to further develop new products and bring them to market within a reasonably short time horizon.”
Peter Benson, Managing Partner at Sunstone Capital, is also very pleased about the deal: “The investors behind NatImmune are very satisfied with the divestment to IPC International.” He trusts that IPC International will be the perfect new home for the further development and future marketing of NatImmune’s products.
Sunstone Capital portfolio company Zealand Pharma A/S participated in a panel presentation at 2009 BIO International Concention along with sanofi-aventis and a Health Care advisor to the Obama administration. The presentation “Innnovating for Diabetes: A Number One Priority” took place on May 18 at the largest global event for the biotechnology industry.
At BIO2009, David Salomon, CEO of Zealand Pharma A/S, spoke on the perspective of a biotech ccompany and explained the importance of co-operation ind the field of diabetes as well as elaborating on the successfull business model of discovering new innovative drugs and partnering with global drug development companies.
Sunstone Capital portfolio company Zealand Pharma A/S has received this year’s prestigious Frost & Sullivan European Research & Development Award.
Zealand Pharma A/S is rewarded for demonstrating technological superiority within its industry. The Award recognizes the ability of the company to succesfully develop and introduce new technology, formulate a well-designed product family, and make significant product performance contributions to the industry.
CEO of Zealand Pharma, David Solomon, is honoured by the recognition. “The European Research & Development Award highlights our company’s ongoing achievements in its path to commercializing peptide-based drugs that treat unmet medical needs in the areas of diabetes, metabolism, cardiovascular disease and gastrointestinal disorders such as Crohn’s Disease”, he says.