Minoryx Therapeutics opens Belgian subsidiary that will lead important development activities.
MIN-102 is currently in a phase 2/3 clinical trial for the treatment of adrenomyeloneuropathy (AMN), which completed patient randomization ahead of schedule. The study is being conducted in seven European countries as well as three US states. Results of the study are expected at the end of 2020.
“We are very excited to be expanding our operations to Belgium, benefiting from local experience in growing biotech companies as well as starting a relationship with Belgian VCs and public investors,” said Marc Martinell, CEO of Minoryx. “With major Belgian investors participating in our recent €21.3M Series B funding round, we believe that we have an excellent opportunity to tap into a very attractive biotech ecosystem and reinforce our growth.”
“Minoryx brings a unique and promising approach to addressing the high unmet medical need in this field of rare diseases of genetic origin,” said François Fontaine of SFPI-FPIM.
“We are delighted that the company decided to set up its second base in Wallonia, from where it will oversee key research operations,” said Gery Lefebvre of S.R.I.W.
“We gladly welcome Minoryx, which reinforces and catalyzes our CNS drug development ecosystem,” commented Florence Bosco, CEO Brussels South Biopark Dev SA.