Promising obesity therapy receives follow-on funding

Brisbane-based Adipogen Pty Ltd has raised a further $2.25 million to support the development of a novel treatment for obesity.

The investment was led by the Queensland Biocapital Funds (QBF) and supported by Uniseed, one of the company's original investors.

Adipogen was established by Uniquest from research work carried out in The University of Queensland and initially funded by Uniseed and the Queensland Government's technology fund BioStart. It has also received support of the Federal Government's Biotechnology Innovation Fund (BIF) and the Queensland Government's Innovation Start-Up Scheme (ISUS).

During this time the company identified a novel target (fibroblast growth factor-1 or FGF-1) for the treatment of obesity. This growth factor is responsible for the formation of the cells (apidocytes) that store fat, and Adipogen's initial studies have indicated that drugs that inhibit this growth factor could be used to treat obesity.

Adipogen's Chairman Dr Peter Devine said the company was extremely pleased to be partnering with QBF.

"Their strong links into the U.S. and technical expertise of their team and Scientific Advisory Board will be a great asset in taking Adipogen to its next stage of development. With this round of funding we aim to develop a lead drug to take into clinical trials," he said.

"Current therapies based on appetite suppression and the reduction of fat absorption have had limited success in treating the disease. Unlike these, Adipogen aims to develop the first drugs that actually target the underlying cause of obesity (fat cell formation), rather than the symptoms."

QBF CEO Mr Neill Colledge said: "QBF's investment is an endorsement of the calibre of work undertaken by Professor John Prins and his outstanding scientific team at the Centre for Diabetes and Endocrine Research.

"QBF remains committed to supporting novel Australian technologies and eagerly anticipates commercia

Contact: Dr Peter Devine
Research Australia

Page: 1 2

Related medicine news :

1. Promising drug fails to improve COPD symptoms
2. Promising therapy for ALS delivers antisense drug directly to nervous system
3. Promising new treatment for ulcerative colitis sufferers
4. Promising advance in breast cancer research
5. Promising diagnostic tools for multiple sclerosis developed at Yale
6. Promising therapies for haemophilia & heart disease
7. Promising new TB drug enters clinical trial
8. Promising new West Nile therapy cures disease in mice
9. Childhood obesity indicates greater risk of school absenteeism, Penn study reveals
10. Diet foods for children may lead to obesity
11. Maternal obesity prior to pregnancy associated with birth defects

Post Your Comments:

(Date:2/13/2020)... ... February 13, 2020 , ... President ... year, his budget proposes substantial, damaging cuts to foreign affairs, global health, and ... development and diplomacy, slashes USAID global health programs by $3.1B, and significantly reduces ...
(Date:2/11/2020)... ... 11, 2020 , ... There are many reasons why Care to Care is ... truly raises us above our competitors is our true Peer to Peer process. At ... years of clinical experience. We understand that it is impossible to create criteria to ...
(Date:2/11/2020)... ... 11, 2020 , ... The wait is finally over. The first wild card for the 2020 ... has been associating professional sports to a truly special project. , The group was originally ... of athletes with diabetes. They decided to take on the ambitious mission to show that ...
(Date:2/11/2020)... ... February 11, 2020 , ... This week marks ... From Sourcing to Butchery, Mindful Meat Eating for the Modern Omnivore . Authored ... Publishers, this new version brings discussions of responsible meat production, consumption, and economics ...
(Date:2/10/2020)... ... ... R3 Medical Training is now enrolling for its PDO Thread Lift Training ... thread lift placement on real patients for the face, abdomen and other areas as ... currently for nonoperative facelift. The procedures are safe, quick and with the latest thread ...
Breaking Medicine News(10 mins):
(Date:2/13/2020)... Alaska (PRWEB) , ... February 13, 2020 , ... ... NeuroHealth Centers, is proud to announce that Lee Ann Gee, MD, is joining ... psychiatrist who is an expert in medication management, cognitive behavioral therapy, and psychodynamic ...
(Date:2/13/2020)... ... February 13, 2020 , ... Data released today by United ... of Health (NIH) in 2019 had a significant economic impact across the United States, ... annual report, “ NIH’s Role in Sustaining the U.S. Economy ,” found that in ...
(Date:2/11/2020)... ... February 11, 2020 , ... Terry Moore, a renowned business ... the launch of Homeolux ™ and the company’s Beacon40 ™ product line. ... a health and technology company that designs wellness products based on cutting-edge scientific research. ...
Breaking Medicine Technology:
Cached News: