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Crowdfunding Cancer Drug Development: Ability Pharma Hits Gold

 
• By Kevin Grogan

At a time when attracting funding for small companies has become a tricky exercise, Spanish biotech has launched a crowdfunding round which is already proving successful.

Crowdfunding
Ability Proves Able At Crowdfunding

Spain's Ability Pharmaceuticals is embracing the emerging space of biotech crowdfunding to help finance mid-stage trials of its first-in-class compound initially being developed for endometrial and squamous lung cancers.

The compound in question, ABTL0812, causes cell death by autophagy through the overexpression of TRIB3, an endogenous Akt regulator. Ability...

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