Peaches Biotech is getting ready to go to market. The Spanish biotech company plans to launch its first five drugs in the next five years, Juan Carlos De Gregorio, CEO of the company, has confirmed.
The first of these will be launched on the market in 2024 and, from then on, there will be an annual launch. This cadence of launches will be possible thanks to the technology used by Peaches Biotech, which works through a platform of biological drugs and cell cultures. This process means that, once the safety of the first launch has been proven, the company can accelerate the development of subsequent drugs, according to De Gregorio. The go-to-market strategy has been articulated with the idea of licensing production with big pharma.
The first of these drugs is PRS CK-Storm, which will start a clinical trial in various hospitals in the Madrid region in the coming months. The objective of this drug is to treat cytokine storm.
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Peaches Biotech has an agreement with Harvard University
Initially, the treatment will be aimed at patients with Covid-19, but the company intends to apply it to other pathologies where cytokine storms occur, such as pancreatitis or those caused by other septic infections. The company has divided its work into two lines of patents based on cell bioculture.
The first is aimed at the regeneration of muscle and bone tissue, while the other is focused on the treatment of different types of solid tumors, with an emphasis on pancreatic cancer. The Madrid-based company has agreements with various organizations and universities. These include collaboration with the University Hospital of Fuenlabrada and Harvard University in the United States.
Peaches Biotech has more than 40 employees and is headquartered in Madrid
At the Madrid center, Peaches Biotech is developing a bio incubator focused on research and innovation (R&D) and aims to promote translational projects in the areas of oncology, hematology, and advanced therapies. At Harvard, the biotech company collaborates in pancreatic cancer research.
The company has more than forty employees and, apart from its headquarters in Madrid, has a laboratory in Fuenlabrada. Peaches Biotech also plans to open a production plant in Bilbao.
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This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
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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