SAN DIEGO, Sept. 15 /PRNewswire/ -- Amira Pharmaceuticals, Inc. today was named one of the most promising biotech companies by FierceBiotech through its annual list, the Fierce 15.
Every year FierceBiotech evaluates hundreds of private companies for its annual list, which is based on a variety of factors such as the strength of its technology, partnerships and a competitive market position. A complete list of "Fierce 15" companies is available online at www.fiercebiotech.com.
"The management at Amira knows how to ration its venture cash," says John Carroll, editor of FierceBiotech. "Working with a mere $28 million from four funds since it was founded five years ago, the developer struck a partnership in 2008 with GlaxoSmithKline that has helped fuel its in-house work. Amira's $425 million deal with Glaxo was a hand-off, giving GSK researchers the ball to run with. And the pharma giant has done just that, pushing the FLAP inhibitor into Phase II and reporting a pair of its latest milestone successes in July. Amira's next deal will likely be structured much like the Glaxo pact, says CEO Bob Baltera, a savvy Amgen vet, as the program is aimed at a big commercial market."
Added Bob Baltera, CEO of Amira, "We are honored to be part of the Fierce 15 this year. The team at Amira has worked diligently from the beginning to move multiple programs through early development. We now look forward to having our next program, an LPA1 antagonist, begin clinic investigation this year as a potential anti-fibrotic therapy. We will continue our discovery and development activities in the LPA pathway for additional potential treatments of various diseases, such as scleroderma, idiopathic pulmonary fibrosis (IPF) and various cancers."
Founded in 2005 and headquartered in San Diego, Amira Pharmaceuticals is a small molecule pharmaceutical company focused on the discovery and ea
|SOURCE Amira Pharmaceuticals, Inc.|
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