BioLineRx’s Early Development Program provides funding for early stage research and development of innovative therapeutics. The EDP is funded by a $6 million grant from the Pan Atlantic Group (the Albert Friedberg Family) and BioLineRx. This unique program currently has a robust pipeline of over 10 projects addressing vital therapeutic indications including cancer, autoimmune and infectious diseases, diabetes and psychiatric disorders. Development stages range from discovery to in vivo feasibility.
“It is an honor to receive this grant from a prestigious institution like the CIIRDF,” said Morris C. Laster, MD, CEO of BioLineRx. “The collaboration will help propel the development of a new and highly effective treatment for cancer sufferers. We look forward to the success of this project as well as other compounds in the deep EDP pipeline.”
The CIIRDF promotes R&D partnerships between Israeli and Canadian technology companies through the provision of funding and assistance in the formation of partnerships. The CIIRDF evaluates R&D projects in various technology areas that are of shared importance to Canada and Israel, and grants up to $800,000 (CDN) in matching funds towards their completion.
BioLineRx, a clinical stage drug development company traded on the Tel Aviv Stock Exchange (TASE: BLRX), is dedicated to building a robust pipeline of promising therapeutics for unmet medical needs. The Company’s lead programs include BL-1020 for the treatment of schizophrenia, has just completed Phase 2b trial; and BL-1040 for the treatment of damaged heart tissue post-myocardial infarction, currently in a Phase 1-2 study. BL-1040 has been out-licensed to Ikaria. Additional products under development include compounds for the treatment of cancer and CNS, cardiovascular, infectious and autoimmune diseases.
BioLineRx advances projects from early stage discovery and lead generation to advanced clinical trials. BioLineRx partners with researchers, universities and biotech companies to further the development of promising compounds. The Company was founded in 2003 by leaders in the Israeli life science arena including Teva Pharmaceuticals Ltd., venture capital firms Giza Venture Capital and Pitango Venture Capital, and Hadasit, the technology transfer company of Hadassah Hospital and the Jerusalem Development Authority. For more information, please visit www.biolinerx.com.
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For more information please contact:
Director, Early Development Program