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Creabilis Awarded Prestigious European Commission FP7 Grant to Further Develop its LSE 'Topical-by-Design' Technology
Date:4/23/2013

LUXEMBOURG, April 23, 2013 /PRNewswire/ --

Creabilis SA, a late clinical stage European biotechnology company specialising in the development of treatments in dermatology, for inflammation and pain, today announces that it has been awarded a prestigious European Union Framework Programme 7 (FP7) grant in the 'Health: Systems Medicine' work programme theme. The €1.98m FP7 grant will be used to develop the next generation of Creabilis' 'topical-by-design' pre-clinical candidates to complement its existing clinical portfolio. The candidates will be developed using Creabilis' proprietary Low Systemic Exposure (LSE) technology.

Creabilis' LSE technology creates novel drugs that combine high efficacy with a favourable safety profile to be delivered topically. LSE generates innovative molecules with unique physico-chemical and pharmacological characteristics, combining high local concentration with low systemic absorption. This technology has already been clinically validated through CT327, Creabilis' lead compound that is currently in late stage clinical development for diseases of dermatology.

FP7 is the European Union's main instrument for supporting innovative research in Europe, and has two main strategic objectives:

  • to strengthen the scientific and technological base of European industry
  • to encourage its international competitiveness, while promoting research that supports EU policies

The FP7 grant has been awarded on the basis of a highly competitive, two-stage, peer-review process, and the award is a validation of our LSE technology.

Creabilis will be leading a pan-European consortium to help develop the next generation of LSE candidates using a novel systems biology and network pharmacology approach. The FP7 project combines Creabilis' experience and expertise with that of Serichim in '/>"/>

SOURCE Creabilis SA
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