Update: Global progress
Nanobiotix’s Asian partner PharmaEngine will collaborate on the planned pivotal soft tissue sarcoma (STS) trial, expanding the trial to Asia-Pacific. Thus, as some patients will now come from Asia-Pacific funded by PharmaEngine, this could reduce Nanobiotix’s financial contribution to the trial, and could accelerate approval in Asia-Pacific. In the US, Nanobiotix has recently taken additional steps towards increasing its presence in the key US market by opening an affiliate office in Boston and appointing a key hire. Our valuation is increased slightly to €332m with these changes.Nanobiotix SA is a France-based oncology focused nanomedicine company. It is engaged in developing nanoparticle technology. It develops new tools for cancer which utilize a physical mode of action at the cellular level of the cancer cell. This disruptive approach may reshape future treatment opportunities. The Company's NanoXray technology comprises three products having the potential to cause a paradigm shift in cancer therapy. Specifically, NanoXray products may overcome the current limitations of standard of care in local therapy. Local treatment (surgery and radiotherapy) plays a seminal role in the potential cure and gives systemic treatment a better chance to increase life expectancy. NanoXray products are developed to selectively increase the efficacy of radiotherapy in the tumor cell. Nanobiotix is a spin-off of the State University of New York (SUNY) at Buffalo.
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