TMCnet News
Orion Biotechnology Canada Acquires K2BiomedicalOTTAWA, June 14, 2018 (GLOBE NEWSWIRE) -- Orion Biotechnology Canada Ltd., a developer of novel medicines, today announced the acquisition of K2Biomedical, a specialty pharmaceutical research company based in Cracow, Poland. The acquisition will add drug development capabilities to Orion Biotechnology in Europe. Founded in 2015, K2Biomedical was initially focused on the prevention of Sexually Transmitted Infections (STIs), including HIV. With this acquisition K2Biomedical becomes Orion Biotechnology Poland SP. Z O.O. The new entity will continue to be headquartered in the Jagiellonian Centre of Innovation in Cracow (Malopolska), Poland, focused on developing new technologies and product candidates for the global market. “This transaction marks an important milestone for Orion Biotechnology and our stakeholders,” said Mark Groper, CEO, Orion Biotechnology Canada. “The team at K2Biomedical bring critical capabilities that will help us accelerate development of our new technologies.” Anatole Klepasky, COO, Orion Biotechnology added, “We are thrilled to add such a capable team to our organization. They will further enhnce our capacity to advance our pipeline of drug candidates in the field of oncology, neuroinflammatory disorders, as well as HIV prevention.” Adam Koprowski, General Director of Orion Biotechnology Poland SP. Z O.O added, “Access to the expertise and resources of Orion Biotechnology Canada will improve our company’s capabilities to conduct upcoming R&D projects.” About Orion Biotechnology Canada, Ltd. Forward-Looking Statements Contact: Ross MacLeod |