We’re looking at Neuway Pharma, a Europe-based biotech startup, in this edition of Sponsor Atlas series. This branch of the blog focuses on young pharmaceutical and biotechnology companies that are in early stages or stealth mode. If you haven’t already read our other blogs on stealthy new biotech startups, be sure to check them out here.
High Level Summary of Neuway Pharma:
Neuway Pharma GmbH (Neuway) is a German preclinical biotech company with an interest in gene therapy. They’re focused on innovative therapeutics for the treatment of CNS-related genetic diseases based on Neuway's proprietary Drug Delivery Technology. This technology, an engineered protein capsule also known as EnPC®, has proven to have a high affinity for crossing the blood-brain barrier. Combining this technology with mRNA-based transcript therapy provides new treatment options with many benefits for CNS genetic diseases.
Some other basic details about Neuway Pharma:
Do they have money?
Short answer is: Some, but they look to be pursuing more.
On their website they claim that, in total, they have raised €17.4 M: €9.2 M in a series A round; extended by convertible loans with €8.2 M. They’re also attending the 2021 Bioequity conference which is probably a good indicator that they’re pursuing more funding.According to Dun & Bradstreet they generated an estimated annual revenue of €646,423 in 2019.
What is Neuway Pharma pipeline like and who are they working with? :
As mentioned in the introduction, Neuway Pharma’s proprietary drug delivery device is a virus-free protein capsule used to deliver highly active drug substances through the blood-brain barrier to the CNS after intravenous injection.
NWP007 is one of those capsules, which was developed as a vaccine to treat multifocal leukoencephalopathy (PML), a rare and frequently fatal neurological disease. Treatment of PML qualifies for fast track designation in the US as well as accelerated approval of BLA. A public summary of this vaccine was released in October 2016 , where they stated:
“NEUWAY Pharma seeks a partner for the further global development and
commercialization of NWP007. NEUWAY Pharma would be prepared to
continue development of this compound up to clinical phase I/II under (co-)
funding by and in collaboration with a partner in the indication “Treatment
They partnered with Cobra Biologics, CDMO, for the upstream manufacturing process for the production of GMP grade material of Engineered Protein Capsules using SF9 cells and subsequent baculovirus infection, not only to be used in the NWP007 vaccine, but also in conducting GLP Toxicity studies.
In other news, Neuway Pharma also filed a European patent application on Dec 17th 2019 (published June 24th 2020 ) for an invention related to the virus-like particles (VLP) for the treatment of a lysosomal storage disease.
How to get in touch with Neuway Pharma:
53175, Bonn, Nordrhein-Westfalen Germany
Should you reach out ?
If you’re a CMO or CRO working in biologics or the preclinical/ early stage space focusing on CNS, then you should definitely reach out. It may look like they’re quie, but we know they’re still active, given their planned attendance at Bioequity Europe 2021 and the SciNote Case Study webinar (above) from March 2021, in which they describe their transition to Electronic Lab Notebook (ELN).
How can I find more European biotech startups?
If you would like a simple solution for keeping an eye on drug sponsor companies like Neuway without relying on an out-of-date database and generic lists of leads each week, Zymewire is here to help. Reach out today, and stay tuned for the next installment of the Sponsor Atlas: Discovering Biotech Startups.
** photo credit of Bonn, Germany - Jonathan Kemper