RE: The collaborative business model19 Aug 2020 13:34
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'Synairgen will continue to offer services on a ‘fees for services’ basis to pharmaceutical companies
in order to increase the Group’s profile and initiate commercial relationships which may lead to
collaboration agreements. Whilst these activities are not intended to generate substantial revenues,
they offer an opportunity for the Group to reduce its net cash outflows.
3. Competition
Synairgen competes in the respiratory drug discovery market place with academic units,
biotechnology and pharmaceutical companies around the world. Some academic institutions are
capable of performing facets of research similar to the Group.
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Although many pharmaceutical companies are engaged in the development of new pharmaceutical
products, they are increasingly dependent on in-licensed products to fill their pipelines. It is forecast
that by 2007, 40 per cent. of the revenues of the largest twenty pharmaceutical companies will be
generated by in-licensed products. Although these companies are therefore competitors, they also
represent potential collaborators with Synairgen.
Other biotechnology and pharmaceutical companies are involved in respiratory drug development.
However, the Directors are not aware of any company, with the exception of Aerovance, Inc., a
recent spin-out from Bayer, which is solely focused on respiratory drug discovery for asthma and
COPD.
4. Proprietary programmes and collaboration agreements
Key milestones
Synairgen was founded in June 2003 and has already:
established two proprietary programmes for asthma, IFNß for inhalation and Growth
Factor;
entered into two agreements with North American companies (Merck Frosst Canada & Co
and a major US biotechnology company) and one in the UK (Cambridge Antibody
Technology Limited), two of which are IP-sharing collaborations and one of which is a ‘fees
for services’ agreement; and
entered into discussions regarding further collaborations.'
https://www.synairgen.com/wp-content/uploads/2018/06/synairgen-final-admission-document.pdf