Economic accolade for Peaches Biotech. The Spanish biotech company has raised €2 million from the Government to carry out advanced therapy projects, as confirmed by Peaches Biotech.
The latest aid that has been granted to Peaches Biotech is a loan of €598,084 from the Center for Industrial Technological Development (Cdti), an agency under the Ministry of Science and Innovation, financing from the Feder 2021-2027 funds.
Specifically, the company will use these resources to accelerate its research and development (R&D) for the project “Development of a tissue transfer solution to optimize cell nesting in advanced therapies”.
Cell therapies are characterized by the use of minimally manipulated cells with the aim of being able to treat diseases such as leukemia or lymphomas. Advanced therapies, on the other hand, use human genes, tissues, and cells that are manipulated in order to turn them into medicines.
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Peaches Biotech has also received help from the State Research Agency
This aid is added to those that the Madrid company has recently received. Specifically, the State Research Agency (AEI) of the Ministry of Science and Innovation has approved funding for a project related to cell therapies against pancreatic cancer and another on tumor labeling with immunotoxins.
The first of these two Peaches Biotech projects is the development of an investigative product for adoptive cell therapy opTcells for patients with gastrointestinal cancer. The initiative receives €636,818.
The Spanish company leads a consortium in which companies from the group itself and public centers collaborate, such as the Health Research Institute of the Hospital 12 de Octubre. In this project, the objective is to generate autologous T cells from peripheral blood, to combat the patient’s own gastrointestinal tumor.
The second selected project is tumor labeling with granulysin-based immunotoxins and receives 945,669 euros. In this case, the participating companies of the Peaches Biotech group collaborate with the University of Zaragoza. The objective is to carry out a phase I clinical trial in cancer patients, selected by systemic injection of immunotoxins, which have already been successful in preclinical trials.
Peaches Biotech works in two areas of research, one with plasma and the other for the treatment of pancreatic cancer
Peaches Biotech is specialized in the creation of medicines based on advanced therapies, especially with cytokines, stem cells, or T-lymphocytes, which will allow patients to take advantage of new therapeutic options.
The company’s main areas of research work are Selective Rich Plasma (PRS), a patent-based process developed by Peaches Biotech that generates a suite of cytokines selective for various tissues. This procurement process results in a platform that has the potential to develop more than twenty different biologic drugs. The other area is opT cells, a process based on a license from Peaches Biotech for the treatment of pancreatic cancer.
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First published in PlantaDoce, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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