Central regions | Finance, business | Technology & innovation

VCs and government back new drug to fight tuberculosis

10 Oct '17
A private-public consortium of Russian investors has supported the development of a new drug to fight an advanced form of tuberculosis that shows resistance to multiple therapies. The innovation comes from MT-Medicals, a resident company at Russias Skolkovo Technopark outside Moscow. The consortium that has anted up a total of $772,000 in a one-off investment consists of Primer Capital, a biotech-focused VC fund, the federal Ministry of Education and Science, and a yet-unspecified private investor, Primer Capital told Marchmont News.

MT-Medicals has come up with a high-specificity inhibitor of the P450 cyt c group enzymes that are responsible for keeping pathogenic mycobacteria alive and active. According to Primer Capital, none of the tuberculosis drugs that are currently used can target these enzymes.

As a result of this project, well bring about a brand new drug candidate of high efficacy for targeted tuberculosis therapy with fewer side effects. Using the P450 M.tuberculosis inhibitor is expected to help dramatically improve the existing procedures for combinatory medication to treat the forms of tuberculosis that are resistant to drugs, thus paving the way for further personalization of this kind of therapy, Primer Capital executive director Elizaveta Rozhdestvenskaya said.

The recent investment will be used to conduct preclinical trials, develop a range of analytical quality testing methods, and create a marketable form of the new medicine.

According to the most recent World Health Organization (WHO) report, 10.4 million new tuberculosis cases were identified across the globe back in 2015. The incidence of tuberculosis with multiple drug resistance was found to grow rapidly, with almost half of such cases identified in Russia, China and India.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: tuberculosis (8) / Primer Capital (6) / investment (555) / 450 (0) / multiple drug resistance (0) / MT Medicals (0) /

Latest News: Central regions
17 May '19 | Finance, business | Telecoms, media
16 May '19 | Technology & innovation | Finance, business
14 May '19 | Transport, logistics | Finance, business
13 May '19 | Technology & innovation
 

Feature stories

4 Apr '19
Russian scientists have come up with what they say is...
29 Jan '19
Russian biologists and biophysicists have developed...
2 Nov '18
Drawing upon in-depth interviews, the book channels...
Search (News archive - 21348)
Advertising
Venture_Russia_2018
Advertising
NATT
Advertising
StartUp-Village
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

20 May '19
An intelligent cardiovascular diseases diagnostics...
17 May '19
MTS, one of Russias main mobile operators, has...
16 May '19
The Skolkovo Foundation and AstraZeneca, an...

Most read stories from last week

20 May '19
An intelligent cardiovascular diseases diagnostics...