Press release
Nanoform and Nacuity Pharmaceuticals Sign Technology Proof of Concept ("PoC") Agreement for Two Ophthalmic Drug Candidates
Nacuity focuses on ophthalmology and leverages their diverse library of novel antioxidant molecules to address ocular diseases involving oxidative stress. Such stress has been implicated in a variety of ophthalmological conditions and diseases, such as retinitis pigmentosa (including Usher syndrome) cataract, cystinosis, age-related macular degeneration, corneal endothelial cell loss, diabetic retinopathy, glaucoma and presbyopia.
Many pharma and biotech companies struggle to realize the full therapeutic potential of their drug candidates stymied by physico-chemical limitations, solubility and bioavailability challenges. Active pharmaceutical ingredients converted to nanometer-sized particles using the CESS® process may exhibit greater dissolution rate and intrinsic solubility and offer the potential to enhance penetration into tissues.
This presents a unique opportunity to explore how nanoformed particles may enhance the performance of Nacuity's proprietary ophthalmic drug product candidate formulations, inserts and implants.
"Optimization of particle size distribution in the nanometer range offers elegant potential for minimal ocular irritation and maximum bioavailability as well as efficacy," said
"We see significant interest in the ophthalmology field for Nanoform's technologies. The team at Nacuity has a long and accomplished track record in this field and we are therefore delighted to announce this new relationship with them" said Prof. Edward Hæggström, CEO of Nanoform.
"Exploring Nanoform's novel nanoparticle technology opens up new possibilities for enhancing formulation performance of both NPI-001 and NPI-002 in the ophthalmology space. We are eager to work with Nanoform and hope that this joint effort yields innovations for patients struggling with everyday challenges of ocular diseases" said
For further information, please contact:
Christian.jones@nanoform.com / +44 7804 474771
For investor relations queries, please contact:
hvh@nanoform.com / +46 7686 650 11
About Nanoform
Nanoform is an innovative nanoparticle medicine enabling company. Nanoform works together with pharma and biotech partners globally to provide hope for patients in developing new and improved medicines utilizing Nanoform's platform technologies. The company focuses on reducing clinical attrition and on enhancing drug molecules' performance through its nanoforming technologies and formulation services. Nanoform's capabilities include GMP manufacturing, and its services span the small to large molecule development space with a focus on solving key issues in drug solubility and bioavailability and on enabling novel drug delivery applications. Nanoform's shares are listed on the Premier-segment of Nasdaq First North Growth Market in
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Forward-Looking Statements (Nanoform)
This press release contains forward-looking statements, including, without limitation, statements regarding Nanoform's strategy, business plans and focus. The words may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," believe," "estimate," "predict," "project," "potential," "continue," "target" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Any forward-looking statements in this press release are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation, any related to Nanoform's business, operations, clinical trials, supply chain, strategy, goals and anticipated timelines, competition from other companies, and other risks specified in Nanoform's prospectus published (on
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