Marinomed Biotechnologie GMBH

Marinomed Biotechnologie, which derives drugs from marine sources, is eyeing both the OTC and prescription markets. The Vienna-based start-up has already launched its first product: an OTC nasal spray formulation of a drug based on a polysaccharide extracted from seaweed. The company has in vitro and in vivo efficacy data for this compound against seasonal influenza, suggesting that it may also have potential for treating pandemic flu.