Asian Spectator

Israeli Biotech SuperTrans Medical Announces $2 Million Strategic Investment from South Korean Mediforum

  • Written by ACN Newswire - Press Releases

Israeli Biotech SuperTrans Medical Announces $2 Million Strategic Investment from South Korean Mediforum

Tel Aviv, Israel, Apr 7, 2020 - (ACN Newswire) - via NEWMEDIAWIRE -- SuperTrans Medical ("SuperTrans"), a privately held biopharmaceutical company with initial focus on the discovery and development of novel antibiotics, today announced that leading South Korean biopharma Mediforum Pharm (KOSDAQ: 047920) will make a $2M investment in SuperTrans. In return, Mediforum will collaborate with SuperTrans in the manufacturing and commercialization of SuperTrans' products in Asia, including South Korea, China, and Japan. Additionally, Mediforum will fully commit and support SuperTrans' future drug development programs.

The SuperTrans technology was discovered by chemists Prof. Paul A Wender (Professor of Chemistry, School of Humanities and Sciences, and by courtesy, of Chemical and Systems Biology Stanford Medical School, Stanford University) and Prof. Lynette Cegelski (Professor of Chemistry, School of Humanities and Sciences), both on the Scientific Advisory Board of the company. Professor Wender's guanidinium-rich, molecular transporter technology, inspired by nature, is licensed from Stanford University by SuperTrans Medical and its partner, Mediforum. This technological approach could help bridge a gap to deliver urgently needed antibiotics to thwart multi-drug resistant bacterial pathogens.

In addition, SuperTrans is completing candidate assessments for the treatment of COVID-19 based on its transporter technology. The candidate compound will be aimed in preventing both viral and bacterial pulmonary infections. The company is currently preparing its drug development program.

SuperTrans Medical's R&D team consists of individuals from Major Pharma' with drug development successes, including antibiotics and HIV inhibitors. These are Dr. Lewis Neville, CEO, Dr. Jacob Rendell, CTO (Ex-Teva), Dr. Patricia Bradford (Ex-Wyeth, Novartis and AstraZeneca), Dr. Joseph Vacca (Ex-Merck and WuXi Apptec), Dr. Peter Warn (Ex-Evotec) and Prof. Itamar Shalit, a pediatric clinical infectious diseases specialist.

Mediforum is a Seoul-based pharmaceutical company which is specialized for researching and developing novel drugs against neuro-degenerative disease such as Alzheimer's disease and Parkinson's disease. "SuperTrans Medical is thrilled to partner with Mediforum as our lead strategic investor. We are looking forward to a long-term partnership to further develop and commercialize the SuperTrans technology," commented Lewis F. Neville, CEO of SuperTrans Medical. "In a short period of time, we have made significant inroads into the design and evaluation of different FDA-approved antibiotics that were conjugated to the company's unique transporter technology. This has already resulted in the identification of a number of compounds worthy of late stage development. Mediforum has identified the strength of our platform technology to improve the properties of existing FDA-approved antibiotics. Mediforum's investment will allow a lead antibiotic-conjugate to enter Phase 1 testing within 12-15 months."

"We are delighted to invest in SuperTrans. We have been impressed by their rapid progress during the last number of months that has culminated in the development of a number of lead compounds. We believe that their transporter technology can represent a paradigm-shift for the accelerated development of much needed antibiotics into human trials. Mediforum will proactively play its role as a strategic partner through the co-exchange of all research and development efforts. Although SuperTrans' technology is at a relatively early stage of development, we anticipate the launch of a new generation antibiotic for testing will be relatively fast. This is because the technology can be easily conjugated to existing FDA-approved antibiotics," commented Mr. Park Jaehyung, CEO of Mediforum. "Furthermore, SuperTrans is strengthening its pipeline through its support of Stanford University and other scholars. Also, SuperTrans is preparing for a Hong Kong IPO in 2022, which is highly attractive for Mediforum," further commented Mr. Park Jaehyung.

About SuperTrans Medical

SuperTrans Medical is a biopharmaceutical company developing novel antibiotics by improving the properties of existing, FDA compounds following chemical conjugation to a unique transporter technology called Guanidinium-Rich Molecular Transporter (GRMoTr). A main obstacle in the development of effective antibiotics is to effectively overcome the structural complexities of the outer bacterial membrane. This is particularly pertinent for Gram-negative bacteria. The GRMoTr bestows upon antibiotics, a vastly improved capability to breach the outer membrane and effectively eradicate Gram-positive and Gram-negative pathogens including multi-drug resistant strains.

About Mediforum

Mediforum Pharm is a brain healthcare specialized pharmaceutical company that discovers and develops treatment for degenerative brain diseases such as Alzheimer's and Parkinson's diseases among others. Currently, the company is aggressively expanding its R&D pipeline together with its rapidly growing prescription drug sales. Furthermore, Mediforum is actively engaging with overseas research institutes in order to expand operations beyond domestic borders and penetrate the global market.

For more information, contact:Lewis F. Neville, PhDCEOSuperTrans Medicallewis@supertransmedical.com

Eran GilboaCFOSuperTrans Medicaleran@supertransmedical.com

Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

Authors: ACN Newswire - Press Releases

Read more //?#

Servier Completes the Acquisition of Symphogen

PARIS, June 4, 2020 /PRNewswire-AsiaNet/ -- Servier, an independent international pharmaceutical company, today announced that it has completed the acquisition of Symphogen A/S.Symphogen wil...

SiriusXM Adds Australian Football League Matches, Weekly Show ...

NEW YORK, June 5, 2020 /PRNewswire-AsiaNet/-- - Renowned Australian commentator and AFL Club President Eddie McGuire to host "Aussie Football Rules America with Eddie McGuire" every Thursday...

Huawei OceanStor Dorado All-Flash Storage Wins Best of Show Aw...

TOKYO, June 4, 2020 /PRNewswire-AsiaNet/ -- At Interop Tokyo 2020, the largest ICT exhibition in Japan, the Huawei next-gen OceanStor Dorado All-Flash Storage officially earned plaudits from...

DERMALOG Fever Check at the Wiesbaden Casino

WIESBADEN and HAMBURG, Germany, June 4, 2020 /PRNewswire-AsiaNet/ -- - After a mandatory corona break of several weeks, casinos and gambling resorts in Germany are reopening. Operators have ...

Vuse and Vype Expand Subscription Services Providing Convenien...

LONDON, June 4, 2020 /PRNewswire-AsiaNet/ -- - The BAT owned E-Cigarette Brands Launch Subscription Services in the US and UKVuse and Vype, global e-cigarette brands, have launched a persona...

REDUIT: Radical Innovation in a User Friendly Format

NEUCHATEL, Switzerland, June 4, 2020 /PRNewswire-AsiaNet / -- Intuitive and simple product design is center-stage for the Swiss beauty tech innovator REDUIT.The company has gone to great len...

Eisai: Brain Performance (Brain-Health) Self-Check Tool NouKNOW to be Used in Beauty Salons

TOKYO, Jun 4, 2020 - (JCN Newswire) - Eisai Co., Ltd. announced today that the digital tool for self-assessment of brain performance (brain health) "NouKNOWTM" (pronounced "NOH-NOH", non- m...

Singapore's LABMED shipped over 20 million masks to meet global demand

SINGAPORE, Jun 4, 2020 - (ACN Newswire) - Singapore based LABMED is playing a crucial role in supplying medical masks and medical personal protective equipment (PPE) globally, to countries ...

Expert Webinar of the 2nd conference of Global Health Forum of...

BEIJING, June 4, 2020 /PRNewswire-AsiaNet/ -- On June 2, the Boao Forum for Asia (BFA) held the expert webinar of the 2nd conference of Global Health Forum of Boao Forum for Asia (GHF). The ...

Huawei Atlas 900 AI Cluster Wins the Only Best of Show Award f...

TOKYO, June 4, 2020 /PRNewswire-AsiaNet/ -- The jury panel at Interop Tokyo 2020 has given the Huawei Atlas 900 AI cluster the Best of Show Award in recognition of its powerful AI computing ...

NEC's Netcracker 2020 Puts Service Providers at the Center of the Digital Economy

WALTHAM, MA, Jun 4, 2020 - (JCN Newswire) - Netcracker Technology, a wholly owned subsidiary of NEC Corporation, announced today the launch of its Netcracker 2020 portfolio to help service ...

Konstantin Chaykin: New Mars Conqueror Mk3 Fighter Watch Is La...

MOSCOW, June 4, 2020, /PRNewswire-AsiaNet/-- The prospect of flying to Mars has never been closer. Konstantin Chaykin is certain that the conquest of Mars necessitates the thinking over of m...

WARC Awards 2020 - Effective Use of Brand Purpose winners announced

LONDON, Jun 4, 2020 - (ACN Newswire) - Campaigns for global brands including Airbnb, Cadbury Dairy Milk, Finish, Harpic and L'Oreal, as well as local brands such as Hungarian Telekom, Maxis...

Singapore's LABMED shipped over 20 million masks to meet global demand

Rising Singapore medical equipment company has been supplying much needed masks, PPEs to Covid-19 hotspots worldwide SINGAPORE - Media OutReach - 4 June 2020 - Singapore...

COOCAA TV Bounce Back Sale | Up to 50% Off on Lazada Philippines

MANILA, PHILLIPINES - ACCESSWIRE - June 4, 2020 -We all know that we should be staying safe at home. What better way to spend time at home than watching Netflix on TV and what better TV t...

COOCAA TV Bounce Back Sale | Up to 50% Off on Lazada Philippines

MANILA, PHILLIPINES - ACCESSWIRE - June 4, 2020 -We all know that we should be staying safe at home. What better way to spend time at home than watching Netflix on TV and what better TV t...

Getac's Brand New, 5G-compatible B360 Laptop Combines Best-in-...

TOKYO, June 4, 2020 /PRNewswire-AsiaNet/ -- - Industry-leading features, connectivity, and build quality come together in powerful new fully rugged solution Getac has today unveiled its B360...

Bityard Exchange Garners Global Attention since its April Launch

SINGAPORE, Jun 4, 2020 - (ACN Newswire) - Bityard, a world leading digital contract exchange, has garnered widespread attention from industry insiders and experts since its launch in April ...

Userlytics Launches "Instant Access" Recorder for Remote User ...

AUSTIN, Texas, June 4, 2020 /PRNewswire-AsiaNet/ -- -- The new capability will enable remote moderation of usability tests and market research interviews with instant remote participant acce...



News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion