Please login to the form below

Not currently logged in
Email:
Password:

Ablynx to receive €1.5m in grants

Belgian biopharmaceutical company and Nanobody specialist, Ablynx, has announced it is to receive a total of €1.5m in grants

Belgian biopharmaceutical company and Nanobody specialist, Ablynx, has announced it is to receive a total of €1.5m in grants.

The company, currently working with Boehringer Ingelheim in the development of Nanobodies for Alzheimer's disease, is to be awarded a grant worth €1.1m by the Flemish agency for Innovation by Science and Technology (IWT) as well as a second grant worth €0.4m from the Portuguese government, as part of a consortium.

Ablynx said the extra funds from IWT will speed up the development of its pre-clinical development programme for ALX-0171 – a potential treatment for respiratory syncytial virus (RSV) infections.

ALX-0171 is a Nanobody to be administered through the lungs to both prevent and treat the infection. It is Ablynx's first Nanobody pre-clinical development candidate to be delivered through a route other than injection.

The company said the grant from the Portuguese government will go towards exploring routes of delivery for Nanobodies into the central nervous system (CNS), as well as developing Nanobodies against therapeutically relevant CNS targets.

Edwin Moses, CEO and chairman of Ablynx, said: "We are delighted with IWT's continued support of Ablynx's Nanobody platform as well as with this second grant from the Portuguese government which will allow us to further explore and develop Nanobody-based therapies for CNS diseases where the unmet medical need is very high."

6th July 2010

Share

COVID-19 Updates and Daily News

Featured jobs

PMHub

Add my company
Bedrock Healthcare Communications

Bedrock Healthcare Communications is a privately owned, award winning communications agency that creates and delivers highly effective, insight driven medical...

Latest intelligence

Top 10 ways that Medical Affairs teams can leverage the Impetus InSite Platform®
Some of the most popular and innovative ways of using our cutting-edge asynchronous and synchronous virtual tools for Medical Affairs teams....
The power of communication: Engaging diverse groups in healthcare
Humans are diverse and communications to engage us need to be inclusive. It’s no longer about talking to a group, a cohort or an imagined section of society - especially...
Building the hospital of the future
Senior Consultant Leah Carlisle explores the growing trend of virtual hospitals and what it takes to develop a holistic digital ecosystem centered on the ultimate patient experience....