We were delighted to welcome Jeremy Skillington and Cathal Friel, CEO and Chairman at Open-Orphan (ORPH) spin-out Poolbeg Pharma (POLB), an infectious diseases specialist.
In July Poolbeg Pharma IPO'd on AIM, raising £25M, a pot of money which the team intend to use to develop 5 or 6 core assets which can then be sold on to Big Pharma companies.
The company has already inherited a Phase II ready influenza immune-modulater, and says it hopes to acquire new assets and licences.
Watch out for acquisition announcements in the weeks and months ahead say the company.
Poolbeg is targeting the infectious diseases market, which is expected to exceed $250 bn dollars by 2025. POLB’s initial assets come from Open Orphan, the infectious disease and human challenge trials business, which means Poolbeg has access to knowledge, experience and clinical data from 20 years of clinical challenge trials.
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