Life Sciences Agricultural / Industrial BiotechnologyWaltham, MA
PharmaEssentia Corporation aims to deliver efficacious, safe and cost-effective therapeutic products for the treatment of human diseases while aiming to bring long lasting value to our stakeholders. At PharmaEssentia, our mission is a never-ceasing commitment to the improvement of health and quality of life. PharmaEssentia was founded in 2003 by a group of Taiwanese-American executives and high-ranking scientists from leading biotechnology and pharmaceutical companies in the US, with a goal to develop treatments for myeloproliferative neoplasms, hepatitis and other diseases.
Our flagship product is a new generation ropeginterferon alfa-2b (P1101), developed using our novel PEGylation technology platform. This has resulted in a much purer pegylated interferon (>90% 1 predominant isomer vs. PegIntron’s 14 isomers and Pegasys’ 8 isomers). The main problem with the current pegylated interferons (PegIntron and Pegasys) are patient tolerability, as these drugs induce severe flu-like symptoms and neuropsychiatric side effects. As a result of our purer profile, we have seen data that indicates improved tolerability, compliance and thus long-term treatment outcomes. We are able to administer our product once every two weeks (vs. every week for other pegylated interferons) for enhanced tolerability. We plan to explore ropeginterferon alfa-2b in a variety of indications, including myeloproliferative neoplasms (MPNs) and hepatitis B and C.
Furthermore, PharmaEssentia has recently completed the construction of a cGMP biologics production plant in Taichung, Taiwan to produce quantities of the drug for these studies. The plant underwent a successful GMP certificate by TFDA in 2013.
PharmaEssentia was listed on the Emerging stock exchange in Taiwan in March 2013.