A pioneering collaboration to speed development of breakthrough medical discoveries-devised by the
Apollo Therapeutics, a portfolio-based biopharmaceutical company rapidly advancing potentially transformative treatments, has completed a
The investment will support advancement of Apollo's robust pipeline into development; expansion of the company's operations, including establishment of a presence in the
Conceived in 2011 by the technology transfer offices of three world-leading universities (
Professor
Finalised in late 2015, the joint venture launched in early 2016. In the ensuing years Apollo has sought the best science with the potential to help patients. By bringing funding and industry expertise together with University breakthroughs, Apollo has developed projects to industrial standards and exceeded traditional development benchmarks of capital- and time-efficiency. It has now invested in over 30 projects, some of which have already been successfully licensed. Apollo now launches its next phase as a multinational company.
Established to bridge the gap between deep academic science and eventual patient benefit, the Apollo model will function well as a company. By fostering relationships with top academic scientists and leveraging insights from partners with late-stage development and commercial expertise, Apollo works to develop therapeutics that have transformative potential. It evaluates breakthrough scientific discoveries across multiple criteria, including having a compelling and testable biological hypothesis or having a differentiated mechanism or technology compared to other therapeutics in development or on the market.
To advance programmes efficiently, Apollo leverages a portfolio-based model with a centralized team of drug development 'architects' working alongside asset-level teams of subject matter experts. Together, these teams are able to evaluate therapeutic programmes rigorously, in an objective, data-driven fashion-prioritising critical experiments to de-risk programmes early. The model allows the company to evaluate programmes comprehensively, while committing minimal spend until biological validation is demonstrated. This capital efficiency allows Apollo to focus on scaling a robust and potentially transformative pipeline, with over 15 therapeutic programmes currently in development.
With proceeds from this financing, Apollo plans to advance its lead therapeutic programmes into clinical development as well as identify new programmes. In addition, the company plans to expand its
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