Last year this U.S.-Russian JV got government approval to start a series of clinical trials for its new drug candidate to treat the dangerous inconveniences of hemorrhoids. This is the firm’s inaugural product based on in-house R&D results without tapping into external technologies, the project owners said, claiming that «the drug candidate is built on a unique action mechanism untapped in products currently available in the market." The global market for anti-hemorrhoids products and technologies is estimated by experts to be worth a pretty noticeable $10bn a year, and the Russians are hoping to carve out a perceptible share of it. Long term, NovaMedica has a broader focus. In addition to transferring to Russia advanced foreign technologies to treat eye diseases, the company has unveiled plans to develop more than a dozen «brand new» drugs based on proprietary nanotechnology within the next few years.
Last fall NovaMedica received the green light from the top Russian federal regulators for phase I clinical trials of its new drug candidate, a gel to treat and ease the symptoms of hemorrhoids, a very annoying and painful rectal problem. Tests are under way.
Using nanotechnology enabled NovaMedica to substantially improve the physical and chemical properties of the active agents the new drug designated «NLN’ is based on, the developers said. During the preclinical trial stage the product was said to reveal a «400% increase» in dose-dependent anti-inflammatory and wound-healing effect, compared to other drugs administered to lab animals.
In addition, applying nanotech is also believed to have helped find a new combinatory solution unexploited in this therapeutic field so far. For the first time in history, NovaMedica underscored, a number of active substances, earlier thought to be completely incompatible in one composition, were peacefully ‘married’ to provide both medicinal and pain-relieving actions all together. Marketing the product in the form of a non-fat gel will make it easy to use for a longer time, the developers hope.
According to Mikhail Getman, vice president for pharma operations at NovaMedica, as the new project takes shape, «foreign investors get interested.»
The young company appears to already see windows of opportunity both in the domestic and international markets for anti-hemorrhoids products and technologies. The global market is estimated by experts to be worth $10bn a year, with surgical services and related technologies accounting for the lion’s share of the total (up to $8bn). «The NLN could compete both with drugs and invasive surgical methods," Mr. Getman believes.
Source: http://marchmontnews.com/Technology-Innovation/Central-regions/21464-4-year-old-pharma-looks-set-fig...
