Zydus Lifesciences venture capital arm invests in Feldan Therapeutics
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Pennington: Zydus Lifesciences' venture capital arm, Zynext Ventures USA LLC, has announced its investment in Feldan Therapeutics, a Canada-based early clinical-stage pharmaceutical company.
Feldan's proprietary Shuttle peptide technology enables the efficient and targeted delivery of biomolecules into cells. The company's lead candidate, FLD-103, is administered directly into basal cell carcinoma (BCC) lesions, where the Shuttle peptide facilitates the delivery of a Hedgehog inhibitor to its target within BCC cells.
This approach aims to provide BCC patients with a non-surgical treatment option that improves outcomes. Additionally, Feldan is advancing a pulmonary program that leverages the Shuttle's unique ability to transport biomolecules into hard-to-deliver lung cells to address the unmet and growing medical needs of patients with respiratory diseases.
Speaking on the development, Dr. Sharvil Patel, MD of Zydus Lifesciences, said, “At Zydus, we are committed towards advancing the development of novel therapeutics to addressing critical gaps in healthcare through innovation. We are pleased to support Feldan in exploring a potentially safe and targeted option for patients with dermatological and pulmonary disease and help them lead a better quality of life.”
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