Want to Increase ROI? Collaborate with an Animal Health Company
In recent years, more and more human-focused biotechs have identified the commercial and scientific benefits of translating their technology into animal health. It has proven to effectively de-risk their human projects in addition to creating an additional stream of revenue.
Veterinary health companies can bring a product to market faster than human biotechs because they are able to skip pre-clinical studies and test directly in target species, such as dogs or cats:
"We can move from drug lead identification to safety testing and preliminary efficacy studies in about 18 months."
- Mark Heffernan, CEO, Nexvet
In addition, the rapidly expanding market opportunity in veterinary health has driven some companies such as Gilead and RaQualia Pharma, to partner with animal health companies. These partnerships can drive tens to hundreds of millions of dollars of non-dilutive revenue.
Kisaco Research have researched and compiled the top benefits to human biotech companies in their recent report here.
They asked attendees of last year’s Human Biotech & Animal Health Business Partnering Summit what benefits they see for biotech and veterinary medicines companies collaborating:
“Human health can benefit immensely from veterinary studies as many of the diseases seen in animals have a very similar etymology, time course and response to treatments as their human counterpart. Furthermore, development of veterinary therapeutics can be a faster and considerably less expensive path to clinical proof of concept. This can translate more rapidly to human studies.
Already a number of veterinary medicine schools and some veterinary contract research organizations are developing clinical programs of exciting new drug candidates to help the animals they see in their clinics, as well as advancing these new potential therapies into human clinical trials. Since many biotech/biopharmaceutical companies are at the cutting edge of therapeutic innovation it would advance both human and animal health greatly if more collaborations and partnerships were established earlier in the research and development stage."
- Michael G. Palfreyman, Director of the Scientific Advisory Board, Pafos Pharma, LLC
Join them to find out how your company could benefit at this year’s event in Boston on April 9th, 2019, and receive 10% discount on your pass with our code UBM10. |