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Spanish Biotech Star Oryzon Slumps After Roche Rejection

 
• By Kevin Grogan

Barcelona-based Oryzon Genomics remains upbeat about the prospects for 'a first-in-class, best-in-class LSD1 inhibitor' for cancer even though Roche has walked away from what was a potentially lucrative partnership.

Spanish man
Spain's Oryzon suffers setback as Roche pulls out of pact • Source: Shutterstock

Oryzon Genomics SA, one of the darlings of the Spanish stock market, has suffered a setback after Roche pulled the plug on a partnership to develop a potential first-in-class cancer compound.

The Barcelona-based company, which describes itself as "the European champion in epigenetics", was contacted by Roche last night (July 19) and was stunned by the news that "due to a portfolio prioritization", it had decided to discontinue its involvement in the clinical development of the investigational lysine specific demethylase-1 (LSD1) inhibitor code-named ORY-1001

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