Bayer, a global leader in women's healthcare, today announced that, further to its press release on August 11, 2020, Bayer completed the acquisition of UK-based biotech company KaNDy. According to KaNDy Therapeutics, it recently completed a Phase IIb trial with NT-814, a once-daily, oral neurokinin-1,3 receptor antagonist. KaNDy Therapeutics is based at the state-of-the-art Stevenage Bioscience Catalyst, a leading location for companies to develop and commercialise cutting edge therapeutics. Bayer Completes Acquisition of the UK-based Biotech ... Bayer to acquire KaNDy Therapeutics with $425 million ... NeRRe Therapeutics focuses on drugs that target neurotransmitting peptides. KaNDy Therapeutics is a clinical-stage company focused on optimizing the potential of NT-814 as a non-hormonal treatment for common, chronic debilitating female sex-hormone related conditions. The brand new firm will be handling the development of NT-814, one of two phase 2 candidates developed at NeRRe. Agile Therapeutics; Apothecus Pharmaceutical Corporation; In August 2020, Bayer AG, a leading market player, made an announcement about the acquisition of KaNDy Therapeutics for worth USD 425.0 million upfront to expand its women's health product pipeline. . Bayer will pay $425 million up front and . MT, MK, EB, and SP report holding stock in NeRRe Therapeutics, Ltd. and KaNDy Therapeutics, Ltd. (the current developer of NT-814). WHIPPANY, N.J.--(BUSINESS WIRE)--Bayer, a global leader in womens healthcare, today announced that, further to its press release on August 11, 2020, Bayer completed the acquisition of UK-based biotech company KaNDy Therapeutics Ltd. to expand its drug development pipeline in womens healthcare Stevenage, UK, 27th September 2017 - KaNDy Therapeutics has been launched today to maximise the value of NT-814, a potential breakthrough medicine for the treatment of chronic debilitating Women's Health conditions and is backed by internationally recognised life sciences investors: Advent Life Sciences . With a $425 million upfront payment, Bayer bolstered its women's healthcare pipeline with the acquisition of U.K.-based KaNDy Therapeutics and its investigational treatment for menopause. Interview: KaNDy Menopause Therapy Hits Sweet Spot UK biotech KaNDy Therapeutics is heading to phase 3 with its non-hormonal menopause drug, after a mid-stage trial showed it reduced hot flashes as well as improved quality of life, setting up a . Advent Life Sciences has supported the company since inception and remained the largest shareholder throughout. KaNDy Therapeutics Ltd. recently completed the Phase IIb with NT-814, a first in class, non-hormonal, once-daily, oral neurokinin-1,3 receptor antagonist, publishing positive data for the treatment of frequent symptoms of the menopause, hot flashes and night sweats (vasomotor symptoms). Menopause is a state of oestrogen insufficiency due to diminished ovarian follicle reserve and is characterised by the cessation of menstruation, loss of fertility and the development of vasomotor symptoms (VMS), myalgia, depression, reduced libido and vaginal dryness. Menopause was defined as 12 months of spontaneous amenorrhea or 6 weeks after surgical bilateral oophorectomy, with or without hysterectomy. It is led by an experienced management team and backed by internationally recognised life sciences investors: Advent Life Sciences, Fountain Healthcare Partners, Forbion Capital Partners, OrbiMed and Longitude . NeRRe Therapeutics, a company built around targeting neurotransmitting peptides, has spun out a single-asset, virtual company named KaNDy Therapeutics that will . Its phase 2b trial will begin enrolling patients in the fourth quarter of 2018 with topline results expected to come out towards the end of . Key Development: On August 4, 2020, Bayer acquired the UK-based biotech KaNDy Therapeutics Ltd. in order to expand its drug development pipeline in women's healthcare. With a $425 million upfront payment, Bayer bolstered its women's healthcare pipeline with the acquisition of U.K.-based KaNDy Therapeutics and its investigational treatment for menopause. As many as 75% of women experience post-menopausal vasomotor symptoms—commonly referred to as "hot flashes"—as they go through perimenopause and menopause,. New women's health biotech KaNDy Therapeutics—rumored to have attracted buyout interest from Allergan—has just reported data . KaNDy recently completed a phase 2b . Trial suggests KaNDy's menopause drug could be better than HRT. KaNDy Therapeutics is a clinical-stage company focused on optimising the potential of NT-814 in the treatment of common, chronic debilitating female sex-hormone related conditions, with an initial focus on treating multiple symptoms of the menopause. This drop in body estrogen levels causes the "change of life" or menopause (t he end of monthly menstrual periods). KaNDy Therapeutics has been launched as a spin-out of NeRRe Therapeutics to develop a new treatment for menopause that can address multiple symptoms at once. 13.6. The firm's neurokinin-1,3 receptor antagonist candidate NT-814 is a small-molecule drug that selectively switches off a group of neurons concentrated in the hypothalamus. The drug was developed by GlaxoSmithKline before being spun out to NeRRe Therapeutics in 2012 and then again to KaNDy in 2017. The Phase III clinical trial is expected to start in 2021. UK-based KaNDy Therapeutics raises $32.5 million Series C round, led by US firm Longitude Capital leads round worth £25 million, which KaNDy will use to advance its non-hormonal menopause drug . The start of a Phase III clinical trial is expected for 2021. Stevenage, UK, 7 January 2018 - KaNDy Therapeutics, a clinical-stage company developing a potential breakthrough non-hormonal treatment for multiple debilitating symptoms of the menopause, today announces the appointment of Andrew Kay as Chairman of the Board at KaNDy Therapeutics. Stevenage, UK, 27th September 2017 - KaNDy Therapeutics has been launched today to maximise the value of NT-814, a potential breakthrough medicine for the treatment of chronic debilitating Women's Health conditions and is backed by internationally recognised life sciences investors: Advent Life Sciences . BioPharma. Jo's input will be invaluable and ensure that NT-814, KaNDY Therapeutics breakthrough treatment for symptoms of the menopause and orvepitant, NeRRe's lead NK-1 receptor antagonist in . Berlin, Germany, September 9, 2020 - Bayer, a global leader in women's healthcare, today announced that, further to its press release of August 11, 2020, it has now completed the acquisition of UK-based biotech company KaNDy Therapeutics Ltd. to expand its drug development pipeline in women's healthcare. Mary Kerr CEO of KaNDy Therapeutics and NeRRe Therapeutics, said: I am delighted that Jo has decided to join the KaNDy and NeRRe teams at this critical time. Global healthcare giant Bayer has committed more than $1 billion to acquiring KaNDy Therapeutics, a Stevenage-based clinical-stage biotech company, to expand its product pipeline in the sector. Millendo Therapeutics and KaNDy Therapeutics. A clinical-stage company focused on optimizing the potential of NT-814 as a non-hormonal breakthrough treatment for multiple symptoms of the menopause. UK biotech KaNDy Therapeutics is heading to phase 3 with its non-hormonal menopause drug, after a mid-stage trial showed it reduced hot flashes as well as improved quality of life, setting up a . Bayer is to buy UK-based KaNDy Therapeutics in a deal worth more than $800 million, adding the biotech's menopause drug to its women's health pipeline. KaNDy Therapeutics will use the proceeds to advance NT-814, its non-hormonal drug candidate, into a phase 2b dose-ranging study. Xconomy Europe — . About Menopause. Stevenage, UK, 7 January 2018 - KaNDy Therapeutics, a clinical-stage company developing a potential breakthrough non-hormonal treatment for multiple debilitating symptoms of the menopause, today announces the appointment of Andrew Kay as Chairman of the Board at KaNDy Therapeutics. First-in-class once daily NT-814 spun out of NeRRe Therapeutics into new company. KaNDy Therapeutics Ltd. recently completed and published the Phase IIb dose range finding study results for its\' investigational compound, NT-814, a potential first in class, orally administered once-daily, neurokinin-1,3 receptor antagonist which showed positive findings for the treatment of moderate to severe vasomotor symptoms due to menopause. KaNDy Therapeutics had recently finished its Phase Phase IIb with NT-814, a first in class, non-hormonal, once-daily, oral neurokinin-1,3 receptor antagonist, publishing positive data for the . The proceeds will enable KaNDy Therapeutics to advance its breakthrough non-hormonal drug candidate, NT-814, for treatment of multiple symptoms of the menopause, through a multi-country Phase 2b . It is led by an experienced management team and backed by internationally recognised life sciences investors: Advent Life Sciences, Fountain Healthcare Partners, Forbion Capital Partners, OrbiMed and Longitude . 27/09/2017 - 3 minutes. KaNDy Therapeutics now has the finances it needs to start a phase 2b trial of its nonhormonal therapy for menopausal symptoms, after raising £25 million (around $32M) in its series C.The startup—which earlier this year was linked to a possible takeover by Allergan before the company put its wome . . KaNDy Therapeutics Closes £25 Million Series C for Non-Hormonal Menopause Therapy | IQ Stock Market First-in-class once daily NT-814 spun out of NeRRe Therapeutics into new company. The money raised will enable KaNDy Therapeutics to advance its breakthrough non-hormonal drug candidate, NT-814, for treatment of multiple symptoms of the menopause, through a multi-country Phase 2b dose-ranging study due to start recruiting patients in Q4 2018 with headline results expected in late 2019. have received funding from NeRRE Therapeutics Ltd and KaNDy Therapeutics Ltd. R.A.A. Stevenage, UK, 11 December 2018 - KaNDy Therapeutics, a clinical-stage company developing a potential breakthrough non-hormonal treatment for multiple debilitating symptoms of the menopause, today . September 27, 2017 By Mark Terry, BioSpace.com Breaking News Staff Stevenage, England - NeRRe Therapeutics spun out a new company, KaNDy Therapeutics, to focus on the development of NT-814 for the treatment of symptoms related to menopause in women. See tweets, replies, photos and videos from @KandyBiotech Twitter profile. The Co-Founder and CEO, Dr Mary Kerr, has utilised her PhD in Pharmacology and later corporate experience, such as Senior Vice President with GlaxoSmithKline, to secure KaNDy £25m in equity . KaNDy Therapeutics is a clinical-stage company focused on optimizing the potential of NT-814 in the treatment of common, chronic debilitating female sex-hormone related conditions. The 199 women recruited into the study were experiencing a minimum of seven hot flashes per day. By 2030, . KaNDy Therapeutics Ltd. is a UK-based private clinical-stage biotech that was founded in 2017 as a spin-off from NeRRe Therapeutics Ltd. Bayer has struck a $425 million upfront deal to buy KaNDy Therapeutics in the belief its treatment for menopause-related hot flashes has blockbuster potential. and W.D. Bayer to acquire KaNDy Therapeutics in $875M women's health play KaNDy's lead product candidate, NT-814, is a non-hormonal treatment for symptoms of menopause. NT-814 is being developed for the treatment of various symptoms of menopause. "We are pleased that with the antitrust clearance the closing of the acquisition . 145 Followers, 144 Following. Photograph: PA Wire KaNDy Therapeutics had recently finished its Phase Phase IIb with NT-814, a first in class, non-hormonal, once-daily, oral neurokinin-1,3 receptor antagonist, publishing positive data for the . KaNDy Therapeutics announces the appointment of Andrew Kay as Independent Chairman of the Board . Bayer has been building up its women's health drug pipeline by striking deals and on Tuesday the pharmaceutical giant unveiled its latest one: $425 million up front for KaNDy Therapeutics, a biotech whose experimental menopause drug is projected as a blockbuster seller.. KaNDy's small molecule drug, NT-814, is in development as a treatment for common symptoms of . KaNDy Therapeutics is a clinical-stage company focused on optimizing the potential of NT-814 in the treatment of common, chronic debilitating female sex-hormone related conditions. Kandy was founded in 2017 as a spin-out of Nerre Therapeutics and has been backed by life sciences investors such as Advent Life Sciences, Fountain Healthcare Partners, Forbion Capital Partners . KaNDy Therapeutics was spun out from NeRRe Therapeutics, itself a spin out from GSK, in 2017 at which time all . Kandy Therapeutics is set to advance trials on a drug it believes could help women deal with hot flushes and night-time sweats linked to menopause. KaNDy Therapeutics, a clinical-stage company developing a potential breakthrough non-hormonal treatment for multiple debilitating symptoms of the menopause, today announces initiation of the Phase . KaNDy Therapeutics Ltd. recently completed and published the Phase IIb dose range finding study results for its' investigational compound, NT-814, a potential first in class, orally administered . KaNDy Therapeutics Ltd. recently completed the Phase IIb with NT-814, a once-daily, oral neurokinin-1,3 receptor antagonist, publishing positive data for the treatment of frequent symptoms of the menopause, hot flashes and night sweats (vasomotor symptoms). NT-814: KaNDy Therapeutics. At the centerpiece of the deal is a recently-completed mid-stage asset, NT-814, a potential first in class, orally administered once-daily, neurokinin-1,3 receptor antagonist which showed positive findings . Founder Mary Kerr said: "by far the biggest challenge is overcoming the widespread lack of understanding of just how debilitating the menopause is for millions of women on a daily basis".
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