NEWS

 

Laurent Pharmaceuticals Receives US$ 3M Development Award From Cystic Fibrosis Foundation Therapeutics

First Canadian Company To Obtain CFFT Therapeutics Development Award 

MONTREAL, QC, Canada – July 26th, 2016

Laurent Pharmaceuticals Inc. (the “Company”), a clinical stage orphan drug company, today announced it has received a Therapeutics Development Award of up to US$3 million from US-based Cystic Fibrosis Foundation Therapeutics, Inc. (“CFFT”), the non-profit drug discovery and development affiliate of the Cystic Fibrosis Foundation. The award will help support the Phase 2 clinical trial of the Company’s lead drug candidate LAU-7b in adult patients with cystic fibrosis (“CF”).

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Laurent Pharmaceuticals to receive investment from Cystic Fibrosis Canada

MONTREAL, QC, Canada – March 17th, 2016

Laurent Pharmaceuticals Inc. announced today the closing of a financing round led by Cystic Fibrosis Canada. Existing investors Aligo Innovation LP (previously MSBi Valorisation) and members of Anges Quebec, as well as other existing and new private investors, also participated in the round.

This investment will allow the preparation of the upcoming Phase 2 clinical trial with LAU-7b in cystic fibrosis (CF) patients, planned to start later this year in Canada and United States. LAU-7b is a once-a-day oral drug addressing the persistent and unresolved inflammation, a leading cause of lung tissue destruction in CF.

“We are pleased to support Laurent Pharmaceuticals in its effort to bring this therapy closer to CF patients”, said Norma Beauchamp, the CEO of Cystic Fibrosis Canada. “This is Cystic Fibrosis Canada’s first direct investment in a company and it builds on our mission to end CF by encouraging Canadian start-ups companies to advance disruptive technologies for our patient community. We are impressed by LAU-7b’s potential benefits and by the company’s efforts in bringing this therapy to the next level of development.”

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Events

Laurent Pharmaceuticals to participate at the Biotech Showcase January 9-11th 2017, San Francisco, CA, USA

Laurent Pharmaceuticals to participate at the North American Cystic Fibrosis Conference, October 27th-29th 2016, Orlando, FL