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Big Year For Israeli Tissue Agnostic Company Ayala

 
• By Kevin Grogan

The Rehovet-headquartered firm is looking to lead the way for the country's burgeoning biotech sector and take its gamma secretase inhibitors all the way through to Phase III.

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Ayala hopes to reach Phase III on its own • Source: Shutterstock

The Israeli biopharma sector has been waiting quite a while for a company to take a drug right through late-stage development and the next few months should see whether the targeted cancer specialist Ayala Pharmaceuticals could become the one.

The Rehovot-headquartered company, which was founded in December 2017 and is backed by the Israeli Biotech Fund (IBF), aMoon and Harel Insurance, has got two promising assets licensed from Bristol-Myers Squibb Co.

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