Renovo Group Plc
www.renovo.com/Profil
Renovo Group (LSE:RNVO) is a biopharmaceutical product company and a leader in the discovery and development of drugs to reduce scarring, improve wound healing and enhance tissue regeneration. The company aims to be first to market with a scar reduction pharmaceutical drug in the US and Europe to capitalise on this huge, unmet market need. Renovo Group’s pipeline includes one drug in phase 3 clinical development, two drugs in phase 2 clinical development and numerous pre-clinical candidates.
Renovo has previously reported statistically significant efficacy data for Prevascar® in the reduction of scarring in the skin. A new proof of concept clinical study has started in volunteers of African Ancestral Group origin using an improved clinical drug product. Interim data should be available during H1 2011. Juvista is currently in an EU P3 trial scheduled to report in H1 2011. Adaprev™ is being developed as a Class III medical device and the first trial for the reduction of tendon adhesions is underway and is due to report results in H2 2011. Renovo is actively seeking to partner Juvidex® as a cosmetic ingredient for the improvement of skin appearance and acceleration of healing.
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Unternehmensstrategie und – daten:
Renovo is a biopharmaceutical product company and a leader in the discovery and development of drugs to reduce scarring, improve wound healing and enhance tissue regeneration.
In a comprehensive programme of Phase I/II clinical trials Renovo's lead drug, Juvista, has demonstrated statistically significant results in improving the appearance of scars in the skin, which alone represents a multi-million dollar market of unmet medical need.
Renovo aims to be first to market with a pharmaceutical drug in the US and Europe to prevent and reduce scarring. There are currently no approved pharmaceuticals available in the US or Europe for this purpose.
Renovo has an exceptional team of highly experienced and innovative scientists and clinicians. Based in Manchester, UK, at the heart of a thriving centre for pharmaceutical research, Renovo has built a portfolio of drugs that have reached phase 2 and phase 3 of clinical development, as well as a rich pipeline at all stages of pre-clinical R&D.
A high performance culture of innovation as well as scientific and clinical excellence has allowed Renovo to pursue pioneering programmes of drug discovery and development in the rapidly evolving fields of scar prevention, wound healing and tissue regeneration. Renovo has its own fully staffed Clinical Trials Unit and a productive development team focussed on wound and scar biology, pharmacology, genomics and proteomics.
In summary, Renovo’s business strategy is to:
- - Leverage extensive scientific knowledge to develop commercial product candidates in scar reduction
- - Be first-to-market with a pharmaceutical product to reduce scarring
- - Continue to advance and expand the Company's deep clinical and pre-clinical pipeline
- - Extend the significant market potential for the Company's lead product candidates to multiple body sites
- - Pursue a commercialisation strategy working with commercialisation partners to increase speed and depth of market penetration
Extensive scientific knowledge in scar reduction
The founders, Professor Mark Ferguson, CEO, and Dr Sharon O'Kane together with their associated research groups, are international leaders in research on scarring and have been responsible for extensive related scientific investigations since 1984. This work has allowed Renovo to generate a significant pipeline of product candidates, with Juvista, Adaprev, Prevascar and Juvidex in Phase 3 and 2 clinical trials and numerous candidates in development.
Be first-to-market with a pharmaceutical product to reduce scarring
According to The Mattson Jack Group, an independent research group, the US commercial market for reduction of scarring in the skin is valued at approximately US$4 billion per annum. There are some 42 million patients each year who could potentially benefit from pharmaceuticals that prevent or reduce scarring in the skin. This market is larger in patient volume than Depression, Osteoporosis, Asthma and Diabetes.
Aktuelle Tätigkeiten:
Juvista (INN: Avotermin - an intradermal injectable solution of Transforming Growth Factor Beta 3 (TGFβ3)), Renovo's lead drug for the improvement of scar appearance in the skin, has been studied in an extensive early phase development programme in the EU, involving around 1500 subjects. Efficacy, safety and dose response has been evaluated in statistically powered trials in both normal volunteers and patients, and following scientific advice from EMEA, a phase III programme for the EU has been agreed and initiated. The first EU Juvista Phase 3 efficacy trial in scar revision surgery is ongoing in ten countries and is on track to report in the first half of 2011.
Renovo announced in June 2007 that it had signed an exclusive licensing agreement with Shire LLC. This agreement was revised in March 2010. Shire has licensed Juvista for USA, Canada and Mexico. Renovo has retained its rights for the rest of the world. Under the terms of the deal Renovo has already received an upfront payment of US$75 million and an equity investment of US$50 million. Contingent on the successful development and commercialisation of Juvista Renovo will be eligible for further milestone payments of up to US$705 million together with escalating royalties on sales.
Adaprev (an injectable solution of Mannose-6-Phosphate (M-6-P)) is being developed by Renovo as a Class III medical device for the prevention of adhesions (scar tissue) between tendon and tendon sheath, and the improvement of tendon function in patients undergoing surgical repair of flexor tendons in the hand. The first randomised, double-blind, standard care controlled, clinical trial commenced in November 2009 and is due to report in H1 2011.
Prevascar (an intradermal injectable solution of human recombinant Interleukin 10) previously reported a positive exploratory efficacy trial for the reduction of scarring in the skin. Following improvements in the manufacturing of Prevascar drug substance and product, and identification of a clinical cohort who are predicted (on the basis of a non-drug experimental surgery study) to benefit particularly well from Prevascar's modulating effect on the wound inflammatory response, Renovo plans to initiate a new proof of concept clinical trial in skin incisions and excisions in African Ancestral Group volunteers in Q2 2010.
Juvidex (topical application of Mannose-6-Phosphate (M-6-P)) reported statistically significant improvements in pre-specified endpoints of skin appearance and acceleration of healing in a proof of concept clinical trial. Renovo intends to partner Juvidex as a cosmetic ingredient, and is actively seeking a suitable partner to ensure its rapid development and commercialisation.
The development towards the clinic of RN1005 , a promising pre-clinical candidate pharmaceutical (discovered by Renovo), targeting the Wnt pathway for reduction of scarring and stimulation of tissue regeneration has been greatly assisted by a financial grant from the Technology Strategy Board (TSB) under its 2009 Regenerative Medicine competition.
Click here for further information on Renovo's products
Management
Executive Management |
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Professor Mark Ferguson
Co-Founder and CEO |
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Dr John Hutchison
Chief Medical Officer |
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Mr David Blain
Chief Financial Officer and Company Secretary |
Main Board |
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Mr Rodger Pannone
Chairman |
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Professor Mark Ferguson
Co-Founder and CEO |
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Dr John Hutchison
Chief Medical Officer |
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Mr David Blain
Chief Financial Officer and Company Secretary |
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Dr Barrie Thorpe
Senior Independent Non-Executive Director |
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Mr John Goddard
Non-Executive Director |
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Mrs Susan Taylor
Non-Executive Director |
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Lord Leslie Turnberg
Non-Executive Director |
Hauptaktionäre
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Kontakt
Head Office:
The Manchester Incubator Building
48 Grafton Street
Manchester, M13 9XX
United Kingdom
Telephone: +44 (0) 161 276 7100
Fax: +44 (0) 161 276 7200
E-mail:
[email protected]
Unternehmensinformationen
Capita Registrars
The Registry
34 Beckenham Road
Beckenham
Kent
BR3 4TU
Tel: 0870 162 3100
www.capitaregistrars.com
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