Destiny Pharma plans to generate income and shareholder value by the clinical development and commercial exploitation of its proprietary, highly innovative anti-bacterial drug platform. The XF drug platform is being developed to prevent and treat existing and emerging superbug infections within and outside of hospitals.
The main market for the lead asset XF-73, which is currently in Phase 2 clinical studies, is the prevention of post-surgical infections such as MRSA. The commercial focus is initially in the USA but the need for a new treatment is global and Destiny Pharma has the ability to enter into licensing agreements and collaborations for other territories in due course. For example, the agreement signed in 2017 with China Medical Systems is a broad collaboration to develop the company’s assets in the China/Asia market.
The Board believes that the increasing governmental pressure and financial incentives that are being implemented now and possibly in the future by leading institutions such as the WHO, UN, FDA and G7/G20 will increase further the options available for profitable commercialisation and the generation of shareholder value.
Shield is a de-risked, commercial stage, specialty pharmaceutical company delivering innovative pharmaceuticals to address patients' unmet medical needs.
The Group has a marketed product, Feraccru®/Accrufer®, for the treatment of iron deficiency in adults which has exclusive IP rights until the mid-2030s.
Feraccru®/Accrufer® is approved by the FDA, EMA and Swiss Medic for the treatment of iron deficiency in adults and is commercialised in the European Union by Norgine BV, with a US commercialisation partner currently being selected.
Open Orphan completed its IPO on the 28 June 2019 with a reverse takeover of Venn Life Sciences. The new management team has a track record of building successful businesses and we plan to expand by acquiring a number of small European pharma services companies whilst developing one of Europe’s largest rare disease genomic databanks, the Open Orphan Health Data platform. Furthermore, Open Orphan is bringing its digital Virtual Rep platform services to pharma companies, allowing large pharma companies to benefit from the digital world. Open Orphan CEO Cathal Friel was also the co-founder and remains one of the largest shareholders in Amryt Pharma plc which is currently in the process of moving from a £50m to c. $300m market cap having acquired North American company Aegerion Pharmaceuticals Inc.
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