medicine to treat genetic obesity which is going through clinical trials
A new Dublin-headquartered company for rare diseases, Oranda Therapeutics, is seeking to raise €35 million in an early-stage equity raise as it advances plans to partner on a novel medicine to treat genetic
Mr Al-Derzi declined to identify the firm developing the medicine, citing a confidentiality agreement at this stage. However, he said the drug is currently scheduled to commence a pivotal phase three study in late 2025. The licensing deal would see Oranda pay the developer an upfront amount, with follow-on payments on certain milestones being achieved, as well as royalties on sales, subject to it being approved in Europe.
Oranda’s co-founder is John Irwin, a veteran in rare – or orphan – medicine commercialisation. The company has lined up a number of figures to take on key executive roles, including Adrian Howd, the former CEO of Dublin-listed Malin Corporation.
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