Giaconda planning rapid commercialisations

Published: 7-Feb-2006

Australian Biotech company Giaconda plans to fund commercialisation of its five pipeline products using the A$6m arising from its recent listing.


Australian Biotech company Giaconda plans to fund commercialisation of its five pipeline products using the A$6m arising from its recent listing.

Four are intended to treat gastro-intestinal diseases and disorders, including Crohn's disease, hepatitis C, bacteria that cause ulcers and irritable bowel syndrome, while the fifth is a preparation for use before colonoscopies.

Giaconda holds 20 patents for its intellectual property, with a further 19 applications filed. It intends to register the products in Australia, the US and Europe.

Up to 30% of patients with peptic ulcers cannot be successfully treated by the standard treatment due to antibiotic resistance. In a Phase II study of 120 patients with resistance to standard treatment, Giaconda's product, Heliconda, stopped infection in 91% of cases.

Giaconda says it aims to commercialise its therapies faster than usual for new treatments, as its therapies involve new combinations of drugs that already have regulatory approval. Two of the treatments are in Phase II trials and three are in Phase III trials.

  

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