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BetterLife/Altum Merger ‘Triggered By Early COVID-19 Promise’

BetterLife’s CEO Explains Altum Acquisition Logic

 
• By Sten Stovall

Created when BetterLife bought Altum at end-July, the merged entity will now focus on advancing the acquired group’s lead asset, an inhaled form of its patented interferon a2b product, as an early treatment for COVID-19.    

Jigsaw
Merged group will focus on an inhaled interferon-based therapy for Covid-19 • Source: Shutterstock

Rising evidence that interferons could be used as potential treatments for COVID-19 led last month to Canada-based BetterLife Pharma Inc. acquiring Altum Pharmaceuticals Inc., giving it ownership of a small pipeline of therapeutics that includes AP-003, an inhaled interferon-based therapy that will now enter Phase II testing as an early treatment for the disease.

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