Debiovision inc, formerly H3 Pharma, a speciality pharmaceutical developer joins the Debio companies
Debiopharm S.A. announced the integration of its fully owned affiliate Debiovision, formerly known as H3 Pharma, a Quebec-based company focusing on the development of specialty pharmaceuticals into the Debio Group, following the purchase of all the outstanding shares of H3 Pharma in May 2005.
Debiovision complements the existing synergistic companies in the Debio Group: Debiopharm, Debioinnovation and Debio R.P. in Switzerland and Debioclinic in France.
Founded in 2001, Debiovision will build on Debio's proven drug development business model, with a focus on the development and world-wide registration of specialty pharmaceuticals. In addition, Debiovision will provide support to and work in synergy with the Group on development and regulatory activities in North America. In particular, Debiovision will enable the Group to optimise its Phase I clinical trial activities in Canada. Debiovision has three products in its pipeline including Sanvar(TM), which was submitted to the US Food and Drug Administration (FDA) and received an approvable letter in December 2004, and SC-1 and PAM-1, two fully human monoclonal antibodies.
Debiovision is actively negotiating out-licensing agreements for Sanvar(TM) with US, Asian and Latin American partners and is beginning out- licensing discussions in Europe in conjunction with the preparation of the European filing. Sanvar(TM) is for the treatment of acute esophageal variceal bleeding (EVB) secondary to portal hypertension. Debio's new Quebec-based affiliate is also undertaking out-licensing activities for two fully human monoclonal antibodies, SC-1 for stomach cancer and PAM-1 for adenocarcinomas, including pancreatic cancer.
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