CombiGene AB (publ) (“CombiGene”, the “Company”) today announces that the Company, after a thorough evaluation process, has chosen the American company AmbioPharm as contract manufacturer/CDMO partner (Contract Development and Manufacturing Organization), in CombiGene’s and Zyneyro’s peptide-based pain project COZY01. AmbioPharm is a world-leading company with many years of experience in the development and manufacture of peptides, and has the full potential to be a long term partner in this project.
The choice of AmbioPharm is an important milestone in the COZY01 project. AmbioPharm can produce the COZY01 peptide in accordance with all regulatory requirements (GMP), which paves the way for both future toxicology studies and future studies in humans. AmbioPharm can also produce a commercial product and will thus be a long-term partner in the COZY01 project.
“It is very satisfying that we have now chosen AmbioPharm as our CDMO partner in the COZY01 project. The team at CombiGene and Zyneyro has conducted a thorough evaluation, which in AmbioPharm’s case also included a small-scale production of COZY01. The fact that we have now chosen a CDMO partner means that the COZY01 project has taken an important step towards being able to initiate the toxicology studies that are carried out in order to be able to submit a clinical trial application,” says CombiGene’s CEO Peter Ekolind.
About the pain program COZY
Chronic pain can be devastating for those affected. The disease also leads to enormous costs for society. Between six and eight percent of the adult population is estimated to suffer from severe chronic pain, and the societal costs of chronic pain are estimated at USD 635 billion annually in the US alone.
Conventional treatment consists mainly of anti-inflammatory drugs, antidepressants, anticonvulsant drugs and opioids (a group of substances with a morphine-like mechanism of action).
The problem with these treatments is that they are not specifically developed to treat chronic pain. The pain relief that is achieved therefore often has a number of debilitating side effects such as substance abuse problems, depression, anxiety, fatigue, reduced physical and mental ability.
The COZY program is being developed to address these enormous challenges by offering effective pain relief without the problems that today’s drugs can bring.
Contacts
CombiGene AB (publ)
Peter Ekolind, CEO
Phone: +46 (0)70-341 55 60
peter.ekolind@combigene.com
www.combigene.com
CombiGene AB (publ) Agavägen 52A, SE-181 55 Lidingö, Sweden
+46-8-357355 info@combigene.com
About CombiGene
CombiGene’s vision is to offer patients affected by severe life‐changing diseases opportunities for a better life through innovative gene therapies. CombiGene’s business concept is to develop effective gene therapies for serious diseases that today lack adequate treatment methods. Research assets are taken in from a network of external researchers and developed further up to preclinical/clinical concept verification. Drug candidates for common diseases will be co‐developed and commercialized through strategic partnerships, while CombiGene may drive the development and commercialization in‐house for medicines aimed at limited patient populations.
The company has an exclusive collaboration and license agreement with Spark Therapeutics for the CG01 project and a collaboration agreement with the Danish company Zyneyro within the pain program COZY.
The company is public and listed on the Swedish marketplace Nasdaq First North Growth Market and the company’s Certified Advisor is FNCA Sweden AB, info@fnca.se.
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CombiGene’s lead project CG01 has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 823282.
CombiGene´s project CGT2 is supported by the Eurostars Programme. Project ID: 114714