
Corrixr
Oncology-focused biotherapeutics development company.
Date | Investors | Amount | Round |
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investor investor | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
* | $1.0m Valuation: $32.5m | Early VC | |
Total Funding | 000k |
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CorriXR Therapeutics is a pioneering biotherapeutics company specializing in oncology, the branch of medicine that deals with cancer. The company is a spin-out from ChristianaCare and the Gene Editing Institute, which has been part of the Helen F. Graham Cancer Center Research Institute since 2015. CorriXR focuses on developing innovative gene-editing therapies to treat cancer, particularly squamous cell carcinoma of the lung.
The company operates in the biopharmaceutical market, targeting a niche segment of cancer treatment through advanced gene-editing technologies. CorriXR's primary clients include healthcare providers, research institutions, and potentially patients who are part of clinical trials. Their groundbreaking technology uses a CRISPR Cas biomolecular tool to disable specific genes in tumor cells without affecting healthy cells. This precision reduces side effects and increases the effectiveness of the treatment.
CorriXR's business model revolves around research and development (R&D) and clinical trials. They generate revenue through partnerships, grants, and potentially future licensing agreements once their therapies receive regulatory approval. The company recently achieved a significant milestone by having a positive FDA INTERACT meeting, which is a preliminary step in the regulatory process. The FDA has recommended that CorriXR consider a basket trial, which involves testing the therapy on multiple types of squamous cell carcinomas, including lung, esophageal, and head and neck cancers.
The CorriXR delivery system employs proprietary lipid nanoparticles (LNPs) for targeted delivery of their gene-editing tools. Initially, this system will be used for direct injection into tumors, but the company plans to evolve it for systemic delivery, which means it could be administered throughout the body to target other types of cancer.
In summary, CorriXR Therapeutics is at the forefront of cancer treatment innovation, leveraging cutting-edge gene-editing technology to develop targeted therapies for squamous cell carcinoma. Their strategic focus on a specific type of lung cancer for their Phase 1 study is based on scientific evidence and regulatory guidance, positioning them well for future success.
Keywords: oncology, gene-editing, CRISPR, biopharmaceutical, cancer treatment, squamous cell carcinoma, lipid nanoparticles, clinical trials, FDA, biotherapeutics.