Quick Summery19 Sep 2017 08:00
of the link below: back in August, Moleculin Biotech, Inc. (NASDAQ:MBRX) developed an active drug component, the WP1122, which will be used in the company’s study for treating brain tumours. Upon announcement, the stock went from a low of 70 cents to a high of $3.40 and has now settled comfortably into the $2.75 range.
Meanwhile, London-based biopharmaceutical company Hemogenyx has developed two products that can change the way we currently treat leukemia, lymphoma, and other blood diseases. The market potential of Hemogenyx has prompted Silver Falcon (LON:SILF), a London based shell to propose a reverse takeover which is just waiting for final approval at the AGM on October 4th, 2017. The new company will trade under the symbol (HEMO) starting October 6th.
The company’s technologies help reduce the dangers and limitations of bone marrow and hematopoietic stem cell (HSC) transplantation. One of them can also remove the need of looking for a matched donor for the transplant.
The first is the CDX Antibodies, which helps condition patients before the transplant without the toxicity of chemotherapeutical agents obtained from radiotherapy or chemotherapy. In short, this could possibly replace chemotherapy and its dreadful effects. These antibodies also specifically remove HSC/hematopoietic progenitors and can also eradicate malicious cells that are part of a leukemia subset.
Its second product is the Hu-PHEC cells or postnatal human hemogenic endothelial cells. Hemogenyx uses these cells to produce cancer-free HSCs, which will be applied in transplants for best results in the treatment of blood cancers. According to Hemogenyx, these cells can also bring many advantages in the treatment due to them being easy to be separated. Hu-PHEC cells are also considered to be “healthy” since they do not build up mutations linked to blood cancer.
Mergers and takeovers are part of this still-growing industry
Mergers and acquisitions will always be part of any industry, including biotech, as evident by Silver Falcon’s reverse takeover of Hemogenyx, per DigitalLook. Silver Falcon issued 228.57 million shares, priced 3.5 pence per share, to Hemogenyx. Silver Falcon will also use the US biotech company’s name starting October 6th, when they will start trading again.
Following the deal, Hemogenyx has raised approximately £3.0 million. The company thinks this will be sufficient in finishing the CDX antibodies’ preclinical development and in funding more preclinical development of some candidates for its Hu-PHEC cell therapy.
The rise of impact investing and social entrepreneurship have driven growth towards this sector. The fact that these life sciences developments brought by biotech companies can be advantageous not just to countries with economic power but to developing nations as well
“There’s definitely opportunity in the space. I’m very optimistic for the prospects for do
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