Fortress Biotech subsidiary Caelum Biosciences enters biopharmaceutical manufacturing agreement with Patheon

Agreement will support Phase II/III studies of Caelum's CAEL-101 in AL amyloidosis

Fortress Biotech, Inc., a biopharmaceutical company dedicated to acquiring, developing and commercialising novel pharmaceutical and biotechnology products, has announced that its subsidiary Caelum Biosciences has entered a biopharmaceutical manufacturing agreement with Patheon NV for process development and current good manufacturing practices (cGMP) production of Caelum's lead therapy CAEL-101.

The agreement will support Phase II/III studies of CAEL-101 for the treatment of amyloid light chain (AL) amyloidosis, a rare systemic disorder that leads to the build-up of amyloid proteins in and around tissues, nerves and organs, resulting in organ damage and high mortality rates.

CAEL-101 is currently being evaluated by study sponsor Columbia University in a Phase Ib study in AL amyloidosis.

Michael Spector, Chief Executive Officer of Caelum, said: "We believe this manufacturing agreement with Patheon will enable continued progression of the CAEL-101 clinical development programme. The establishment of this important collaboration, now allows us to plan for our Phase II/III programme."

Patheon provides end-to-end, fully integrated services for both drug substances and drug products to help clients accelerate development in the rapidly evolving world of biologics.

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