Sign up USA
Proactive Investors - Run By Investors For Investors

Q BioMed's pipeline boosted as tech partner gets funding for glaucoma therapeutic research

Partner Mannin Research Inc has received funding to carry out a proof of concept study for the treatment
Q BioMed's pipeline boosted as tech partner gets funding for glaucoma therapeutic research
The eyes have it...Mannin is researching a new therapeutic for glaucoma

Biotech accelerator firm Q BioMed Inc (OTCMKTS:QBIO) announced further progress in its bid to expand its pipeline.

Partner Mannin Research Inc has received funding to carry out a proof of concept study for a new therapeutic for eye condition  glaucoma, in which the optic nerve is damaged.

The R&D funding comes from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) and the number of potential patients demanding better treatments make this a multi-billion-dollar opportunity, says QBiomed.

The company has licensed the Mannin Tie2 technology, and is collaboratively developing the Tie2 platform for glaucoma, and other indications.

It has the potential to treat several additional, vascular related diseases, such as acute kidney injury, and cardiorenal syndrome.

"As our understanding about the Angiopoietin-Tie2 system grows, I am very excited about the clinical therapeutic possibilities," said Dr. Sarah Quaggin from Mannin.

The new biologic would be an additional product to the Mannin Tie2 pipeline.

Meanwhile,  Q BioMed said development of the MAN-01 small molecule for the treatment of primary open-angle glaucoma continues on-pace and is now at a point where the most active candidates will be selected for final testing and optimization as a soluble, topical eye drop that permeates well into the eye.

It is anticipated that pre-clinical IND enabling studies will begin in the second quarter of 2018.

Shares in New York eased 0.27% to US$3.69.

View full QBIO profile View Profile

Q BioMed Inc Timeline

Related Articles

1511901712_biotech_517925923.jpg
November 29 2017
The company has developed a "unique and superior pressure" cycling technology (PCT), says Zacks.
numerous pills
March 23 2018
Genervon is on the lookout for pharma partners to help advance its GM6 drug, which takes aim at a range of deadly diseases hitting the central nervous system
1527682514_angel-delight.jpg
May 30 2018
The latest fundraiser underscores the fact the life sciences business is well supported in the City
Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use