Renovo plc explained

Renovo Group plc
Type:Public limited company
Foundation:October 2000
Location City:Manchester
Location Country:United Kingdom
Key People:Mark Ferguson (CEO)
Num Employees:110
Industry:Biotechnology

Renovo Group plc was a biopharmaceutical company, which was founded in 1998 and was headquartered in Manchester, United Kingdom. It worked in the discovery and development of drugs to reduce scarring, improve wound healing and enhance tissue regeneration.[1] Renovo does not currently have any marketed products. It aimed "to be first to market with a scar prevention pharmaceutical drug in the US and Europe" in approximately 2014. Following the failure of its last clinical candidate Juvista, all 100 of Renovo's staff were laid off in 2011.[2] [3] [4]

Although the company stopped all pharmaceutical development it continued as a financial provider. In August 2014, Renovo Group plc was renamed Inspired Capital plc.[5] [6]

Products

Renovo does not currently have any marketed products. Its development pipeline currently includes one drug in phase III clinical development, two drugs in phase II clinical development, and numerous pre-clinical candidates.[7]

DrugPhaseAction
JuvistaFailed[8] Injected to the wound margins around the time of surgery causes a prevention or reduction of scarring through introduction of recombinant TGFβ3.
AdaprevHalted[9] Injected at the time of surgery for the prevention and reduction of scarring and adhesions between the tendon and surrounding tissues following tendon repair.].
PrevascarHalted[10] Injected to the wound margins around the time of surgery causes a reduction of scarring through suppression of TGFβ1 and TGFβ2.
JuvidexRenovo planned to partner Juvidex as a cosmetic ingredient for the improvement of skin appearance and to promote the healing of damaged skin.
RN1005Phase I Clinical trialRN1005 is an advanced preclinical candidate pharmaceutical, discovered by Renovo, targeting the Wnt pathway to reduce scarring and enhance tissue regeneration.

Notes and References

  1. http://www.regenmednetwork.com/archive/january_2007_meeting/january_2007_meeting.html London Regenerative Medicine Network – January 2007 Meeting
  2. http://www.manchestereveningnews.co.uk/business/business-news/renovo-group-founder-to-become-science-679234 Renovo Group founder to become Science Foundation Ireland's boss (9 January 2012)
  3. http://www.pharmatimes.com/article/11-03-04/Just_10_of_workforce_left_at_Renovo_after_Juvista_failure.aspx Pharma Times Just 10% of workforce left at Renovo after Juvista failure (4 March 2011)
  4. Web site: Future bleak for Renovo with no workers or products . Grogan . Kevin . PharmaTimes . 31 May 2001 . 14 December 2016.
  5. https://www.insidermedia.com/insider/northwest/119202-rename-plan-renovo Rename Plan for Renovo (16 July 2014)
  6. Web site: Company Overview of Inspired Capital plc . . 14 December 2016.
  7. http://www.renovo.com/content.asp?a_id=3 Renovo – Products
  8. http://www.pharmatimes.com/article/11-03-04/Just_10_of_workforce_left_at_Renovo_after_Juvista_failure.aspx "Pharma Times" Just 10% of workforce left at Renovo after Juvista failure (4 March 2011)
  9. Ashcroft, Jamie. (18 November 2011) "ProactiveInvestors" – Renovo ends Adaprev development (18 November 2011). Proactiveinvestors.co.uk.
  10. Ashcroft, Jamie. (16 April 2012) "ProactiveInvestor" Renovo ends Prevascar development (16 April 2012). Proactiveinvestors.co.uk.