skip to primary navigationskip to content
 

Taking parked therapies into overdrive

last modified Apr 28, 2014 04:09 PM
Healx3 is aiming to breathe new life into parked therapeutics and dormant IP in the biopharmaceutical industry.

 

The start-up, based at ideaSpace West, hopes to take the medical technology parked by biopharmaceutical companies and turn it into new drugs and therapies. Healx3 is currently in talks with biopharma companies on potential partnerships.

In an interview with Business Weekly, CEO Tim Guilliams, who holds a PhD in molecular neuroscience from the University of Cambridge, says: “Around 90 per cent of drug development projects never make it to market – leaving a vast amount of parked bio-assets on company benches.

“Some of these assets still have therapeutic potential, but do not cure patients or generate revenue. Healx3 is specialising in the upcycle and out-licensing of parked therapeutics and dormant IP in the biopharmaceutical industry.

“By enabling companies to generate new revenue streams and promote collaborative innovation within the industry, our activities will help deliver the next generation of therapeutics to patients in need.”

Healx3 is currently self-funded but aims to seek angel support once it has created strategic partnerships, launching a pilot with around 10 assets and pushing for seed capital around September.

To read the full article visit here

For more on Healx3 see http://www.healx3.com/

RSS Feed Latest news

Recruiting now: Head of ideaSpace.

Jul 02, 2020

We're hiring! The Head of ideaSpace is responsible for leading all activities related to ideaSpace operations, managing the team and liaising with stakeholders in the University, IfM Education and Consultancy Services and ideaSpace governance.

Focus on a Founder with Alex Grigore - Celebrating 10 Years of community

Jul 01, 2020

It was 10 years ago in June that ideaSpace welcomed its first member. The first of its kind in Cambridge, ideaSpace became home to a range of exciting start-ups – many of which have gone on to great success. We grew too – opening a second office in the city centre in 2013 and ideaSpace South three years later, on the Cambridge Biomedical Campus. We are continuing to celebrate a decade of community with our ‘Focus on a Founder’ series. This week we spoke to Alexandra Grigore of Simprints who joined ideaSpace back in 2014.

View all news