• SKIP TO CONTENT
  • SKIP NAVIGATION
  • Patient Resources
    • COVID-19 Patient Resource Center
    • Clinical Trials
    • Search Clinical Trials
    • Patient Notification System
    • What is Clinical Research?
    • Volunteering for a Clinical Trial
    • Understanding Informed Consent
    • Useful Resources
    • FDA Approved Drugs
  • Professional Resources
    • Research Center Profiles
    • Clinical Trial Listings
    • Market Research
    • FDA Approved Drugs
    • Training Guides
    • Books
    • eLearning
    • Events
    • Newsletters
    • White Papers
    • SOPs
    • eCFR and Guidances
  • White Papers
  • Trial Listings
  • Advertise
  • COVID-19
  • iConnect
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » OICR funds Fluorinov Pharma to develop drug for blood cancers

OICR funds Fluorinov Pharma to develop drug for blood cancers

June 7, 2012
CenterWatch Staff

The Ontario Institute for Cancer Research (OICR) will invest $1.5 million over three years for the development of a novel drug by Toronto-based Fluorinov Pharma.

The drug, FV-162, is a highly potent, orally-delivered small molecule proteasome inhibitor with significant advantages over drugs currently used to treat multiple myeloma and some forms of Non-Hodgkin's lymphoma.

"Our investment in Fluorinov Pharma will move FV-162 towards the market by helping it to meet the preclinical requirements of Health Canada and the FDA," said Frank Stonebanks, vice president of commercialization and chief commercial officer of OICR. "This novel drug is very promising and could improve the quality of life and outcomes of patients with certain blood cancers."

An important target for therapies treating blood cancers such as multiple myeloma is the proteasome, a part of the cell that recycles old proteins. While effective, the current proteasome inhibitor-based treatment is toxic and requires intravenous delivery. Additionally, some cancers develop resistance over time. FV-162 has the potential to vastly improve the current treatment because it has lower toxicity, can be taken orally and has shown to be effective against drug-resistant cancer cells in the laboratory.

OICR will support Fluorinov Pharma's development of FV-162 through its Intellectual Property Development and Commercialization (IPDC) fund, which was established to bridge the gap in the commercialization process between support from traditional public funding agencies and private investors.

In 2011, the criteria for receiving support from the IPDC Fund were expanded to include Ontario start-up companies with promising oncology intellectual property developed outside of academia. Fluorinov Pharma is the first company to receive funding under the new criteria.

"OICR's investment provides Fluorinov with not only funds to further develop FV-162, but also with the business expertise of OICR's commercialization group," said Dr. Malik Slassi, president and CSO, Fluorinov. "During this important transition to a clinical development company, we look forward to working with OICR to bring this candidate medicine to patients in need."

Upcoming Events

  • 16Feb

    Fundamentals of FDA Inspection Management: Reduce Anxiety, Increase Inspection Success

  • 21May

    WCG MAGI Clinical Research Conference – 2023 East

Featured Products

  • Spreadsheet Validation: Tools and Techniques to Make Data in Excel Compliant

    Spreadsheet Validation: Tools and Techniques to Make Data in Excel Compliant

  • Surviving an FDA GCP Inspection

    Surviving an FDA GCP Inspection: Resources for Investigators, Sponsors, CROs and IRBs

Featured Stories

  • SurveywBlueBackground-360x240.png

    Sites Name Tech Acceptance as Essential Factor in Selection of Sponsors, Survey Finds

  • TrendsInsights2023-360x240.png

    WCG Clinical Research Trends and Insights for 2023, Part Two

  • TimeMoneyEffort-360x240.png

    Time is Money and So Is Effort, Budgeting Experts Say

  • TrendsInsights2023A-360x240.png

    WCG Clinical Research Trends and Insights for 2023, Part Three

Standard Operating Procedures for Risk-Based Monitoring of Clinical Trials

The information you need to adapt your monitoring plan to changing times.

Learn More Here
  • About Us
  • Contact Us
  • Privacy Policy
  • Do Not Sell or Share My Data

Footer Logo

300 N. Washington St., Suite 200, Falls Church, VA 22046, USA

Phone 617.948.5100 – Toll free 866.219.3440

Copyright © 2023. All Rights Reserved. Design, CMS, Hosting & Web Development :: ePublishing