BiOrion concluded investment by Carduso Capital

PRESS RELEASE

 

Groningen, The Netherlands, November 11, 2016

 

BiOrion Technologies BV has raised funding from Carduso Capital for its clinical validation program in fibrosis.

BiOrion Technologies BV (BiOrion), a biopharmaceutical drug discovery company, develops products for the diagnosis and treatment of fibrosis. Fibrosis is a consequence of chronic cycles of tissue injury and repair, leading to the accumulation of scar tissue in affected organs and disruption of normal tissue architecture and function. Fibrosis is the final common pathway in virtually all forms of chronic organ failure e.g. liver, lungs and kidneys, ultimately leading to organ transplantation or death.

BiOrion has raised additional capital from Carduso Capital for the clinical validation of its proprietary drug-targeting technology. In drug targeting, drugs are delivered specifically to cells that cause the disease and not to the healthy cells. Thus, such therapy will be more effective with fewer side effects. The targeting technology of BiOrion is based on the research of Prof. Dr. Klaas Poelstra of the University of Groningen. It provides opportunities to develop both drugs as well as imaging diagnostics for fibrosis, based on the same technology platform. The clinical validation study is scheduled for next year, allowing early detection of fibrosis resolution.

 

About BiOrion

BiOrion is a Dutch biopharmaceutical drug discovery company involved in developing targeted therapeutics and companion imaging diagnostics for myofibroblast-associated diseases, such as hepatic fibrosis, renal fibrosis, cardiac fibrosis, idiopathic pulmonary fibrosis and fibrosis-associated cancers such as colorectal cancer.

BiOrion’s platform and drug development engine is based on proprietary PDGF-ß-receptor binding bicyclic peptides. PDGF is one of the main drivers of fibrosis, and its receptor is specifically over-expressed on the key pathogenic cells: the myofibroblasts. This allows cell-specific targeting of diagnostic labels and (existing) antifibrotic drugs. For more information about BiOrion: www.biorion.com

 

About Carduso Capital

Carduso Capital is an investment firm based in Groningen, The Netherlands that participates in innovative technology companies that have strong technology links with the University of Groningen (RUG) and the University Medical Centre of Groningen (UMCG) and its affiliates. Carduso Capital believes it is important to invest in innovative companies that are early stage or at a certain moment search for capital to finance their growth. Carduso Capital supports initiatives within the main themes Life Sciences and Energy and aims for long-term cooperation’s. Besides participations with capital Carduso Capital also provides proactive management support and the use of its broad international network. For more information about Carduso Capital: www.cardusocapital.com