Join Free For Buyer|Sign In

Professional Online Trade Platform for API, Preparation and Pharmaceutical Machinery and

You are here:  Home >>  News >>  Market News >>  China-Based Ivy Capital Invests in Betagenon's Clinical Stage AMPK Activator Program

China-Based Ivy Capital Invests in Betagenon's Clinical Stage AMPK Activator Program

January 20, 2020 By prnasia

Balticgruppen Bio, the Umea based Biotech company focused on development of AMPK activator compounds, operating under the trademark Betagenon, has closed a funding round with China based asset management firm Ivy Capital granting the company 3 MUSD of funding.

Betagenon has successfully taken its first-in-class PAN-AMPK-activator O304, a novel small molecule for treatment of cardio-metabolic disorders, through pre-clinical and clinical Phase I and Phase IIa testing as well as long-term toxicological studies in animals. The results show that beneficial cardiovascular and metabolic effects observed in animal disease models translate to man, and that O304 is well tolerated in animals and in man. A recently developed new formulation of O304, based on discovery of a Na-derivative of O304 (O304X with IP priority date 2019), shows superior bioavailability and testing in man will start Q2 2020.

"The funding, as well as Ivy Capital's business network and connections within the Chinese Biotech and Pharmaceutical markets, will be important to support a speedy and global development of O304X in several major indications," says Thomas Edlund, CEO of Balticgruppen Bio AB and co-founder of the company.

Balticgruppen Bio AB/Betagenon is a privately owned Swedish Biotechnology company. Betagenon has received funding from EU's research and innovation framework program Horizon 2020 (EU project 754268 - AMPK-DIAB).

Register as Visitor to CPhI China 2020!

Register as Visitor to CPhI China 2020!

Editor's Note:

En-CPhI.CN is a vertical B2B online trade platform serving the pharmaceutical industry,

for any copyright disputes involved in the articles,

please email: to motify or remove the content.

Add a comment
Click here to Login or to Register for free. You will be taken back to your selected item after Login/Registration.
More>> MarketNews
More>> Editors’Picks
More>> TopStories
More>> HotTags
Follow Us
CPhI Online Trade Platform: Worldwide|English|中国站
Customer Service:  86-400 610 1188 (9: 00-18: 00, Mon-Fri)
About Us| Contact Us| Terms of Services| Privacy Policy| Intellectual Property Statement| Links | Site Map
Copyright 2006-20 Shanghai Sinoexpo Informa Markets International Exhibition Co. Ltd (All Rights Reserved). ICP 05034851-53
live chat