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Fundraisings and IPOs

Date: 2011-03-31

Type of information: Subvention

Company: to-BBB (The Netherlands)

Investors: Agentschap NL  (The Netherlands)

Amount: €1.2 million

Funding type: government loan

Planned used:

The financing will be used to support the costs needed for clinical development of toBBB\'s brain cancer program.

Others:

to-BBB, the Dutch brain drug delivery company, is getting ready to point its brain-targeting platform to patients with brain cancer. The Dutch Ministry of Economic Affairs, Agriculture and Innovation (Agentschap NL) supports to-BBB in this challenge by granting an “Innovation Credit”, covering 35% of the costs needed for clinical development of this therapy. The “Innovation Credit” of Agentschap NL consists of an initial investment of €1.2 million to support the planned Phase I/II study. The company has the option to apply for an additional credit for a pivotal second clinical study.
Based on its proprietary G-Technology®, to-BBB is developing its lead compound 2B3-101, braintargeted doxorubicin liposomes. These liposomes are coated with the tripeptide glutathione at the tips of polyethylene glycol (PEG) to safely enhance the delivery of free drug to the brain. 2B3-101 has shown reduction of brain tumor growth in proof-of-concept studies at the Netherlands Cancer Institute. Clinical scale batches of 2B3-101 have been produced by to-BBB’s manufacturing partner TTY Biopharm and pivotal preclinical safety studies were finished in 2010. The Phase I/II clinical trial will start in a few months at 3 academic hospitals in the Netherlands led by neuro-oncology experts of the Antoni van Leeuwenhoek hospital (AVL-NKI).
The study will establish a safe therapeutic dosage and collect the preliminary evidence of activity in a specific group of women with brain metastases of breast cancer. The clinical development plan for this product was fine-tuned in scientific advice meetings with European regulatory authorities by to-BBB’s clinical development team.

Therapeutic area: Cancer - Oncology

Is general: Yes