In a significant move within the biopharmaceutical industry, Starpharma (ASX: SPL) and Medicxi have collaborated to establish Petalion Therapeutics in the UK, focusing on advancing dendrimer-based cancer therapies. With Medicxi's financial backing of up to $25 million, Petalion aims to leverage Starpharma’s proprietary DEP® dendrimer technology for developing novel oncology drugs. Starpharma, in this partnership, will license its technology to Petalion, receiving a 22.5% equity stake in return.
Dr. Mehdi Shahidi, with his extensive experience in pharmaceutical development, has been named CEO of Petalion, indicating a strong leadership foundation. This collaboration represents a strategic effort to address unmet needs in cancer treatment by combining Starpharma’s technological expertise with Medicxi’s investment acumen in drug development, signaling a promising venture into the development of innovative and potentially transformative cancer therapies.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
