HealthLinx spins off CR014 drug R&D assets into new company: Proaegis
Australian diagnostics company HealthLinx will spin off its CR014 drug development assets into a new single-purpose company, Proaegis Biosciences. In addition, a second therapeutic compound, follistatin, with two patents targeting ulcerative colitis has been in-licensed and will also be transferred to Proaegis. Follistatin is a naturally-occurring human protein inhibitor with potent anti-inflammatory and antifibrotic characteristics that has demonstrated preclinical efficacy in acute lung injury, intestinal inflammation and organ fibrosis, the firm noted.
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