Neurodegenerative diseases are growing into a global challenge, as medical advances ensure more individuals live longer. By 2020, there will be more than 40 million people worldwide with AD and by 2040, without the development of disease modifying drugs, this will rise to more than 80 million. Currently no cure exists for these diseases: all current therapies for neurodegenerative diseases are symptomatic and do not revert or stop neuron death.
NeuroProtect is promising drug candidate to cure some prevalent neurodegenerative diseases, such as Optic Atrophy (OA), Amyotrophic Lateral Sclerosis (ASL), Parkinson’s Disease (PS), Huntington’s Disease (HD), and Alzheimer's Disease (AD).
During the Feasibility Study:
• We have strengthened our belief that we have a unique, strong market position. We are highly competitive both with regards to the novelty of our product (the unique functions) and compared with our nearest competitor’s market strategies.
• A thorough business plan is ready to move the project further. The key partners were selected to join our drug development program. The out-license business model for our company is confirmed.
• Our IP can be well protected, and we have good position result of FTO.
We are now applying for SME Instrument Phase 2 in order to complete and submit the IND/CTA package. Specifically, the IND/CTA phase includes developing the GMP manufacturing process for NeuroProtect (SBC003), appropriate toxicology and safety studies and regulatory activities.