· In line with Almirall's aim to become a leading dermatological company, access to novel technological solutions for highly innovative products has become a priority.
· Bicosome® Technology is a leading-edge technological platform for skin delivery able to incorporate and modulate the release of active ingredients to the skin.
· Almirall's expertise in developing therapeutic products and Bicosome's unique and differentiated technology will lead to novel, more effective and patient friendly dermatological products.
Almirall S.A., the global pharmaceutical company based in Barcelona, and Bicosome, a start-up company that develops and commercializes high performance cosmetic and dermopharmaceutical ingredients, announced that they have entered into a research, collaboration and sublicense agreement for the development of multiple topical dermatological products, based upon Bicosome's proprietary patented delivery technology platform, Bicosome® Technology.
In accordance with the terms of the agreement, Bicosome will be responsible for the research activities to deliver preclinical product prototypes using their proprietary encapsulating system and Almirall will perform the clinical development, regulatory filings, manufacturing and commercialization activities of the developed products.
Under the collaboration agreement, Bicosome grants Almirall a sublicense to develop and commercialize products in certain dermatological indications. Bicosome will receive research payments and is entitled to potential development milestone payments as well as tiered royalties on future Net Sales and sales milestones.
Bicosome® Technology is an innovative technological platform for skin delivery able to transport and deliver actives selectively to their site of action. This technology was created to solve skin penetration limitations, one of the biggest challenges for skin care formulators. Bicosome® based ingredients are able to protect molecules from degradation, to modulate skin barrier function without damaging the skin, and to penetrate and reach the desired layer of the skin, where the active ingredients need to be delivered.
Through this agreement, Almirall incorporates a unique and differentiated technology, already used and validated in the cosmetic market, to transport and deliver actives to the site of action in the skin. Products based on this technology offer advantages in improving patient compliance, stability of the active agents and the interaction of the actives with the skin.
Thomas Eichholtz, Chief Scientific Officer, and Executive Vice-President of R&D at Almirall, commented: "We are delighted to enter into this collaboration with Bicosome, which once again demonstrates our desire to become a global leader in Dermatology and gives us access to a potentially breakthrough technology in topical drug delivery. Our aim is to leverage cutting-edge technologies to cover unmet patient needs in Dermatology through targeted innovation in R&D and this partnership is a good sign of this commitment."
Lucyanna Barbosa CEO at Biocosome addressed: "We are sure that we encountered in the collaboration with Almirall the adequate partner to validate our technology in dermopharmaceutical field. Bicosome® platform provides multiple benefits in the treatment of the skin, boosting both efficacy and safety of products. We look forward for the success of the project to benefit patients with our new concept for delivering medicines into the skin."
This collaboration is another example of Almirall's commitment to developing innovative products to cover unmet needs in dermatological diseases.
About Almirall
Almirall is a global company based in Barcelona dedicated to providing valuable medicines and medical devices through its R&D, agreements and alliances. Our work covers the whole of the drug value chain. A consolidated growth allows us to devote our talent and efforts towards specialty areas and particularly to further grow as a leading Dermatology player. We are a specialist company, enabling us to accomplish the purpose of taking our innovative products wherever they are needed. Founded in 1943, Almirall is listed on the Spanish Stock Exchange (ticker: ALM) and it has become a source of value creation for society due to its vision and the commitment of its long-standing major shareholders. In 2015, its revenues totalled 769 million euros and, with 1.800 employees, it has gradually built up a trusted presence across Europe, as well as in the USA.
About Bicosome
Bicosome is a spin off company from the Institute of Advanced Chemistry of Catalonia (IQAC-CSIC) founded in 2012 and devoted to the development and manufacturing of high performance cosmetic and dermopharmaceutical ingredients using its proprietary patented technological platform: Bicosome® technology.
Bicosome core activity is the development of high performance ingredients from lab to industrial scale and their commercialization and licensing in a B2B fashion to Cosmetic and Pharmaceutical companies either directly or through a network of distributors. Bicosome has a proprietary line of cosmetic ingredients and develops as well tailored made ingredients with Cosmetic and Pharmaceutical indications.
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