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Established Jun 2015, Q BioMed, the NYC-based biomedical acceleration development company, is looking to add additional assets to its portfolio. Company founder and CEO Denis Corin describes the progress Q BioMed has made with its first two assets and outlines his ambition to expand further in the coming two to three years.
Q BioMed founder and CEO Denis Corin met Scrip's Mike Ward and provided an update on the company's progress since its founding in June 2015. A biomedical acceleration development company based in New York, the company has now signed two deals, one for an early-stage glaucoma asset and the other for an FDA-approved, first-in-class non-narcotic generic to treat metastatic bone cancer pain that is ready to take to market. Q BioMed is therapeutic area agnostic and is looking to establish a portfolio of hitherto neglected assets from early R&D to commercial-ready, which it will bring to a value inflection point.
He acknowledges that capital is a constraint but points out that the company has derisked itself by acquiring a revenue-ready asset and is now looking to acquire four or five more assets over the next two to three years. These could be from private sources or public companies.
This interview was recorded at EBD Group's Biotech Showcase in San Francisco in January 2017. (Also see " Video Interview: Q BioMed Accelerates Advances In Vascular Therapeutics " - Scrip, 15 Mar, 2016.)
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