News & Views

  • Finance Round to Establish Business Strategy

Finance Round to Establish Business Strategy

Mar 24 2020 Read 405 Times

A funding round of €2.5M ($2.7M) is set to advance French biotech Calixa on its strategic pathway of isolating around 100 priory targets for the pharmaceutical industry.

Founded in 2011, the Lyon-based company has been building on its isolation and stabilisation technology together with a research platform, which led to turnover in 2019 of around €1.01M ($1.1M), 90% of which was international. This new funding round will allow Calixar to expand its licensing business model and develop a pipeline of targets of pharmaceutical interest. The company also hopes that the strategic move will affirm its position in the early discovery segment of drug development based on complex therapeutic targets (membrane proteins), a market predicted to be worth €70bn ($76bn) by 2025.

“All the studies agree that the pharmaceutical industry needs to optimise its drug development model,” said Emmanuel Dejean, founder and CEO of Calixar. “In Calixar’s view, the challenges in clinical development relate in particular to the unreliability of the therapeutic targets isolated upstream.”

There are several thousand known therapeutic targets in humans, yet only a handful are currently available to the pharmaceutical industry; the company is working towards increasing the availability of targets that are known to be of primary interest to the pharmaceutical industry.

Reader comments

Do you like or dislike what you have read? Why not post a comment to tell others / the manufacturer and our Editor what you think. To leave comments please complete the form below. Providing the content is approved, your comment will be on screen in less than 24 hours. Leaving comments on product information and articles can assist with future editorial and article content. Post questions, thoughts or simply whether you like the content.

Post a Comment




Digital Edition

Labmate UK & Ireland April 2020

April 2020

In This Edition Articles - Export experts talk Corona Virus - Automated cell counting shouldn’t cost the earth Laboratory Products - Spectrophotometer Linearity Validation - Analysi...

View all digital editions

Events

Laborama 2020 - ONLINE EVENT

Jun 11 2020 Brussels, Belgium

HPLC 2020 - EVENT CANCELLED

Jun 20 2020 San Diego, CA, USA

MedtecLIVE - ONLINE EVENT

Jun 30 2020 Nuremberg, Germany

Korea Lab 2020 - NEW DATES

Jul 27 2020 Kintex, South Korea

IE Expo China 2020 - NEW DATES

Aug 13 2020 Shanghai, China

View all events