Record #241365 - GSI Repository

Signia

An innovative drug development and repurposing platform for rapid identification and validation of antimicrobial therapeutics

Grant period	2020-06-01 - 2023-05-31
Funding body	European Union
Call number	H2020-EIC-SMEInst-2018-2020-3
Grant number	954353
Identifier	G:(EU-Grant)954353

Note: Pharma industry is facing the challenge of high-cost and time-consuming processes for de novo drug development (€1-2 billion and 10-17 years per marketed drug), also influenced by high failure rates (only 10% of drug candidates are approved for market entry). As a result, an increasing number of firms seek alliances based on repurposing existing drugs for new indications to deliver the needed productivity increases, shifting the focus of R&D to smaller biotech companies. Among all infectious diseases, acute respiratory tract infections are the main source of acute diseases worldwide with over 17.5B deaths per year, notably killing newborns and young children. They are caused by over 200 viruses and handful virus-bacteria coinfections; however, today we only have vaccines and few treatments for Influenza and respiratory syncytial virus. Signia is a French start-up offering a disruptive solution to combat these emerging infections globally; a drug development platform for next-generation antimicrobial treatments, by repurposing ready-marketed drugs and repositioning unsuccessful pharma pipelines candidates. Signia strategy involves a complete paradigm shift, based on targeting the global response of the host cell instead of a specific molecular determinant of the pathogen. Our innovation will not only give rise to better treatments against respiratory infections and significant shortening of response time to widespread outbreaks, but also will enable both a rapid transition of drugs from the pipeline to the market and a rapid return of investment for pharmas. Phase 2 will let us reach the full capability of our platform and the clinical validation of the optimized nebulized Diltiazem, our drug candidates at the most advanced stage of validation as repurposed host-targeted inhibitor of influenza infection. We forecast €31M revenues (with a ROI of 9.72 with a corresponding EBITDA of 70.51% after 5 years in the market) and increase our company´s workforce to 14.

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Record created 2021-10-10, last modified 2023-02-08

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