Zydus Lifesciences’ venture arm invests in Illexcor Therapeutics for sickle cell disease therapies – CNBC TV18

Zydus Lifesciences Ltd on Wednesday (March 12) stated the corporate’s venture capital arm Zynext Ventures USA LLC has introduced an funding in Illexcor Therapeutics, a biopharmaceutical firm targeted on growing subsequent-technology oral therapies for sickle cell disease (SCD).

The funding aligns with Zynext Ventures’ technique of supporting breakthrough healthcare improvements that handle vital unmet medical wants.

Illexcor is growing a first-in-class oral drug that straight targets the foundation reason behind sickle cell disease. Their lead asset, at the moment in preclinical growth, is designed to bind to Hemoglobin S and successfully block polymerization and sickling, providing the potential for disease-modifying
scientific advantages.

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Dr Sharvil Patel, MD of Zydus Lifesciences, stated, “This funding displays our dedication to sufferers battling uncommon and orphan ailments. Recognizing the profound impression of sickle cell disease on sufferers’ lives, we’re happy to assist Illexcor in their efforts to develop a novel therapeutic answer addressing this vital unmet medical want.”

Sickle cell disease is a devastating and debilitating genetic situation that impacts as much as 10 million folks worldwide. The disease continues to severely impression high quality of life and longevity. Extremely efficacious oral drug therapies are urgently wanted to handle this situation on a worldwide scale.

Andrew Fleischman, CEO of Illexcor, stated, “We’re excited to accomplice with Zynext Ventures to advance our lead drug ILX002 into scientific trials later this yr.

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We’re hopeful that ILX002 will likely be a transformative therapy not solely for SCD sufferers in the U.S. but additionally for thousands and thousands across the globe. Zynext Ventures and Zydus Lifesciences are in a strategic place to assist us obtain these targets.”

Shares of Zydus Lifesciences Ltd ended at ₹889.00, down by ₹10.90, or 1.21%, on the BSE.