Bioasis Technologies - Platform licensed to Chiesi
Bioasis announced on 29 June 2020 that it had entered into an agreement with Chiesi, in which it would license its technology to bypass the blood brain barrier (BBB), the xB3 platform, for the development of drugs targeting lysosomal storage disorders. Chiesi will use the platform to develop drugs for four disorders, and in return Bioasis will receive US$3m upfront, up to US$138m in additional milestones and undisclosed royalties. We see this as a major validation of the platform and for additional future licensing potential.biOasis Technologies is an early stage biopharmaceutical company focused on research, development and commercialization of technologies and products intended for the treatment of central nervous system diseases and diseases of the brain. Co. is engaged in the development of proprietary vectors “Transcend” and “Transcend pep” for the transport of therapeutic agents across the blood brain barrier
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