BERWYN, Pa.– Panavance Therapeutics Inc. (“Panavance”) is a new clinical-stage pharmaceutical company created to advance and develop GP-2250, a patented, novel therapeutic for the treatment of cancer and other therapeutic indications.
GP-2250 is a broadly active, tumor cell selective cancer therapeutic with a unique mechanism of action that, as demonstrated in preclinical research, suppresses cancer cells by disrupting their energy metabolism—bringing about cancer cell death. Panavance’s initial clinical focus is on pancreatic cancer, and the company is conducting preclinical studies to develop GP-2250 for the treatment of other cancers and therapeutic indications.
“Panavance was established by Avensis Pharma AG to pursue the development of GP-2250, a novel compound with great potential. This molecule has demonstrated effectiveness and safety in preclinical studies, and its early clinical results in a Phase 1/2 pancreatic cancer trial across 4 US clinical sites have been encouraging,” said Greg Bosch, Chairman & Chief Executive Officer of Panavance.
“We believe in the potential of GP-2250, and the Panavance team is dedicated to realizing its therapeutic possibilities, starting with pancreatic and gynecological cancers, both of which represent areas with unmet clinical need. Ultimately, we hope to improve and extend the lives of cancer patients.”
To accelerate its capitalization, development, and success, Panavance has assembled an impressive leadership team, board of directors, and clinical and scientific advisors, which include seasoned leaders with life science backgrounds in pharmaceutical drug development, clinical and medical sciences, commercialization, and capital markets.
