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Avalon Ventures and COI Pharmaceuticals establish PDI Therapeutics.

M2 EQUITYBITES-May 24, 2016-Avalon Ventures and COI Pharmaceuticals establish PDI Therapeutics

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United States-based Avalon Ventures and United States-based COI Pharmaceuticals have set up a new company, PDI Therapeutics, to develop novel immune-oncology therapies, it was reported yesterday.

PDI Therapeutics will concentrate on the development of immunotherapies to enlist the body's immune system to fight cancer. It is developing antibody inhibitors to specific protein, disulphide isomerase, which in case of overexpression can help tumour cells prevent detection by the immune system's NK and T cells. The therapies are intended to expose tumour cells, allowing the immune system to identify and destroy them.

The company's inhibitors are likely to be used as a stand-alone therapy or in combination with other known immunotherapies, such as CAR-NK, that stimulate the immune system to recognise and remove solid tumours.

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Publication:M2 EquityBites (EQB)
Date:May 24, 2016
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