SOM Biotech explained

SOM Biotech
Type:Private Company
Industry:Pharmaceutical
Location:Barcelona, Spain
Products:Pharmaceuticals

SOM Innovation Biotech, S.A. (SOM Biotech), is a private pharmaceutical company focused on the accelerated discovery and development of therapies for orphan diseases through a proprietary artificial intelligence-based drug discovery technology and developing strategic partnerships with major research centers and pharmaceutical companies. The company was founded in 2009 in Barcelona, Spain.[1] [2]

AI Drug Discovery Technology

SOMAI PRO Technology is a proprietary AI-based drug discovery technology of SOM Biotech. It is based on Artificial Intelligence and operates by the identification of Molecular field maps.

The company successfully applies SOMAI PRO technology to identify drugs effective for any therapeutic area of interest by the identification of new unknown targets of drugs, as well as to identify new indications for the drugs. The main strength of AI technology is that it identifies the mechanisms of action (biological activity) of molecules and determines its non-structural analogs with similar biological activity. This is a key differentiating factor in relation to most of other AI-based approaches, which use methods based on data mining, structural similarity, or the target structure. The technology allows to reduce costs and time for drug development, providing a high level of success and reliable patent protection. SOMAI PRO is suited to be applied for any therapeutic area and for new chemical entities.

Products

SOM Biotech has an extensive portfolio of products that is focused mainly on neurology and also in other therapeutic areas.

In 2013, the company licensed its first asset, SOM0777, indicated for glioblastoma to Argon Pharma, a pharmaceutical company based in Barcelona, Spain.[3]

In 2014, SOM Biotech initiated a phase IIa proof of concept study in humans, regarding its compound SOM0226 for treatment of TTR Amyloidosis, with Vall d´Hebron Hospital in Barcelona.[4] During the end of 2013, the United States of America Food and Drug Administration (FDA) granted orphan drug designation to SOM0226.[5] [6] After successful completion of the clinical development phase IIa, SOM has granted a worldwide exclusive license to Corino Therapeutics. Inc., a New York-based pharmaceutical company.[7]

In 2017, SOM Biotech entered into an agreement with Nippon Chemiphar (Japan) to collaborate for the SOM3355 program for the treatment of chorea in Huntington's disease. From 2018 to 2019, SOM Biotech successfully performed a clinical proof-of-concept phase IIa study assessing SOM3355 efficacy and safety in reducing chorea in Huntington’s disease.[8] [9]

SOM Biotech's clinical pipeline includes programs for TTR Amyloidosis, chorea in Huntington's disease, Phenylketonuria, COVID-19. The preclinical pipeline includes programs for Niemann Pick Type C, Parkinson's, Tay-Sachs disease. The early development pipeline of the company consists of 20 orphan disease programs.

Awards

In 2013, SOM Biotech was the winner of the Entrepreneur XXI Award in biotechnology in the category "Growth", an initiative for innovation projects promoted by La Caixa together with the Spanish Ministry of Industry, Energy and Tourism, and ENISA. This award are recognized as one of the most consolidated initiatives to support entrepreneurship in Spain.[10] [11] In 2018, for its commitment to achieving medical advances for the benefit of patients with orphan diseases and its exponential growth that year, SOM Biotech received the XXI Century Technology Award in the category "Technological Milestone".[12] In 2020 and 2021 SOM Biotech was included in the list of the Spanish startups and scaleups to watch in, published by Sifted, a Financial Times backed company.[13]

Financing

In 2016, SOM Biotech raises €2 million in round of funding with 18 international investors, most of which are executives from the pharmaceutical sector, from various countries around the world such as Monaco, United Kingdom, Poland, Republic Czech, United States, South Korea, Hong Kong, India and Spain.[14] In 2019, the company closed another financing round of 7 million euros.[15] The operation has been led by a company owned by a European family with a long tradition in the pharmaceutical sector

Notes and References

  1. Norman, P. (2011). Successful Strategies for Drug Repurposing. p. 85. Published by SCRIP Insights, Retrieved and Accessed: March 23, 2015
  2. "An Alternative Path to Drug Discovery". Samedan Ltd Pharmaceutical Publishers. Retrieved 6 June 2015.
  3. Web site: SOM Biotech licencia producto glioblastoma farmaceutica Argon Pharma. 25 July 2013.
  4. "SOM Biotech and the Vall d'Hebron Hospital have initiated a clinical trial in patients using a new repositioned drug for amyloid". Retrieved 6 June 2015.
  5. Web site: Som Biotech licencia un producto para el glioblastoma a la farmacéutica Argon Pharma. 25 July 2013.
  6. http://agencias.abc.es/agencias/noticia.asp?noticia=1466235, Retrieved June 6, 2015 (Reference in Spanish)
  7. Web site: SOM Biotech licenses its first product and expands to the United States.
  8. Web site: SOM Biotech Announces Initiation of Phase 2a Clinical Trial of SOM3355 in Huntington's Disease Patients. Biotech. S. O. M.. www.prnewswire.com. en. 2020-04-02.
  9. Web site: Phase IIA, Double-blind, Randomized, Placebo-controlled Study of the Efficacy and Safety of SOM3355 in Huntington's Disease (HD) Patients with Chorea Movements. 13 September 2019.
  10. Web site: "la Caixa" y el Ministerio de Industria, Energía y Turismo, a través de ENISA, convocan la octava edición de los Premios EmprendedorXXI. www.segurcaixaadeslas.es. 2020-04-02.
  11. Web site: Premios EmprendedorXXI, ¡convocatoria abierta hasta el 04/12!. www.emprendedorxxi.es. es-ES. 2020-04-02.
  12. Web site: SOM Biotech, Premio Nacional Tecnología Siglo XXI. www.elsuplemento.es. es. 2020-04-02.
  13. Web site: The Spanish startups and scaleups to watch in 2021 | Sifted.
  14. Web site: SOM Biotech raises €2 million in round of funding with 18 international investors Biocat. www.biocat.cat. 2020-04-02.
  15. Web site: SOM Biotech Closes a Financing Round of 7M Euros. Biotech. S. O. M.. www.prnewswire.com. en. 2020-04-02.

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