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Peaches Biotech Receives 1.5M from the Government for Two Advanced Projects

Peaches Biotech is a company specializing 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. At the Madrid center, Peaches Biotech develops a bio incubator oriented towards research and innovation (R&D).

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The Spanish biotech company Peaches Biotech has raised €1.5 million, non-refundable, from the Government for two of its advanced therapy projects, according to Juan Carlos de Gregorio, CEO of Peaches Biotech.

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.

Peaches Biotech’s first project is the development of an investigative adoptive cell therapy product 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.

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Peaches Biotech hopes to carry out a phase I clinical trial in cancer patients

The second selected project is tumor labeling with granulysin-based immunotoxins and receives €945,669. 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 and have shown that recombinant granulysin is an effective antitumor treatment.

“The two approved projects are based on patent licenses that emanate from this collaboration, one of them with the University of Zaragoza and the other with Harvard Medical School”, says De Gregorio.

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The Madrid-based company has agreements with various entities and universities

Peaches Biotech is a company specializing 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, and opT cells, a process based on a license from Peaches Biotech for the treatment of pancreatic cancer.

The Madrid-based company has agreements with various entities and universities. At the Madrid center, Peaches Biotech develops a bio incubator oriented towards research and innovation (R&D) and its objective is to promote translational projects in the areas of oncology, hematology, and advanced therapies. At Harvard,  the biotech collaborates in pancreatic cancer research.

The company has more than forty workers and, apart from its headquarters in Madrid, it has a laboratory in Fuenlabrada. Peaches Biotech plans to open a production plant in Bilbao. 

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(Featured image by madartzgraphics via Pixabay)

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.