Private European biotech with mid-stage clinical oncology asset requiring funding

Tags

Europe
Private
Oncology
Clinical Stage
Financing

Overview

Treehill was engaged by a European private biotech.

The company was developing an oncology asset in phase 2 studies. Initially, it had access to $60 million in finance.

Situation and Challenges

  • Over time, the available funding had become almost exhausted, proving substantial financial challenges.
  • Alongside funding problems, new preclinical data showed inconsistencies with the anti-cancer effectiveness of its mechanism of action.

Treehill Solution

Orchestrated a data-led pivot away from orphan oncology.

Selected autoimmunity as the more appropriate target therapeutic area for future development.

Prepared the business case for the development strategies that corresponded with each of the commercial opportunities.

Evaluated the potential commercial opportunities throughout the field.

Conclusion and Outcome

Treehill redirected the clinical development program accordingly. This gave confidence to existing investors as well as attracted new investors to enable the next financing round.

Orchestrated a data-led pivot away from orphan oncology.

Selected autoimmunity as the more appropriate target therapeutic area for future development.

Selected autoimmunity as the more appropriate target therapeutic area for future development.

Selected autoimmunity as the more appropriate target therapeutic area for future development.

Treehill Partners in partnership with the biotech:

Orchestrated a data-led pivot away from orphan oncology.

Selected autoimmunity as the more appropriate target therapeutic area for future development.

Prepared the business case for the development strategies that corresponded with each of the commercial opportunities.

Evaluated the potential commercial opportunities throughout the field.