-Applied domestic patent for oral microbiome treatment candidate GEN-001 -Succeeded in attracting new investment in pre-IPO worth KRW 20 billion from KDB -Passed evaluation for technology privileged listing, to be listed in KOSDAQ within this year
Microbiome is a compound word of "microbe" and "biome." It refers to microorganisms living in our body and their genetic information, and it has recently gained special attention in pharmaceutical and biohealth areas. Microbiome, also referred to as the Second Genome, is a field that can be widely used for research on new drug development and treatment of incurable diseases as it can help analyze the relationship between the principle of the generation of beneficial bacteria and harmful bacteria and diseases. In Korea, there is an increasing number of pharmaceutical and biohealth-related companies that use microbiome to contribute to human health. Genome & Company in Pangyo Techno Valley is one of the leaders in the microbiome trend in Korea.
Genome & Company is a bio-venture company established in 2015, developing next-generation innovative new drugs in the field of immune anticancer drugs such as microbiome, new target immune checkpoint inhibitors, and fusion proteins to overcome unmet medical demands of cancer patients. The company is the first Korean microbiome research and development company to collaborate in a clinical trial of concomitant use and supply contract of Merck and Pfizer's immune anticancer drug Avelumab (product name: Bavencio) and its own immune anticancer microbiome treatment (GEN-001) in December last year. In April of this year, the US Food and Drug Administration (FDA) approved the clinical trial plan (IND), and the clinical trial of concomitant use is in progress. Along with this. in December last year, it signed an MOU with LG Chem for the exclusive development and commercialization rights for GEN-001 in Korea and the East Asian region.
GEN-001, an immunological anticancer drug
candidate, which is the main pipeline of the microbiome immune anticancer drug
development company Genome & Company is a candidate substance for oral
microbiome treatment and is a substance that has immune activity. It is used as
an anticancer drug for combination therapy with an immune checkpoint inhibitor.
GEN-001 is a single strain of bacteria isolated from healthy volunteers, and it
was found out that it activates dendritic cell, macrophage, and T cell
responses in the preclinical trial. In the preclinical stage, GEN-001 has
secured optimal safety, and in particular, when administered in combination
with an immune checkpoint inhibitor (ICI), it showed a synergistic effect that
significantly inhibits cancer growth in models that are responsive to existing
immune checkpoint inhibitors and models that do not respond.
GEN-001 was recently patented in Korea, and with
this patent decision, Genome & Company received the exclusive rights for
anti-cancer monotherapy and chemotherapy/immunotherapy, and combination
anti-cancer therapy with GEN-001 regardless of cancer type in addition to the
strain on main pipeline GEN-001. R&D representative Park Han-soo at Genome
& Company said, "It is of great significance not only for the
anti-cancer microbiome itself, but also for obtaining a patent decision for
single or combined administration regardless of cancer type. We are going to
accelerate the approval and clinical procedure to become a company that can
give hope to cancer patients through the development of anticancer drugs."
In addition, in August, Genome & Company
made an equity investment in Scioto Biosciences, a microbiome new drug research
and development company in the US, and laid a bridgehead for expanding the
microbiome new drug development business. Through this investment, Genome &
Company has become one of the largest shareholders of Scioto Biosciences. The
two companies agreed for multilateral cooperation for research on new
microbiome new drug candidates based on Scioto Biosciences's unique Activated
Bacterial Therapeutics (ABT) platform technology, including clinical
development of SB-121, a new drug candidate with autism as the main indication.
Consisting of the board of directors and the
advisory group including the Chief Scientific Officer (CSO) from a
multinational pharmaceutical company Eli Lily & Co., Scioto Bioscience is
focusing on the development of new microbiome drugs for the treatment of brain
diseases and bowel diseases, and it has ABT platform technology exclusive new
drug development and commercialization rights based on the collaborative
research with Nationwide Children's Hospital located in Ohio, US.
On July 15, Genome & Company passed the technical evaluation for the technology privileged listing, and now is going for listing on the KOSDAQ. CEO Bae Ji-soo of Genome & Company said, "We have confirmed the excellence of new drug development technology through this technology evaluation. As soon as we see the technology evaluation, we plan to go ahead with listing in KOSDAQ right away." Genome & Company plans to list the company in KOSDAQ within this year.