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Lipidio Pharma is pleased to announce that J. Gordon Foulkes, Ph.D., our CEO, is presenting at the BIOCOM Global Life Sciences Partnering Conference on February 28, 2024 at 2:45 pm.
Dr. Foulkes will deliver a presentation entitled "Targeting Obesity Topically: The Skin as an Endocrine Organ."
For more information on the conference, visit the Registration - Biocom California.
Lipidio Pharma is pleased to announce that Gordon Foulkes, our CEO is presenting in the Company Entrepreneurial Showcase of the 2024 Dermatology Summit ahead of the JPM conference in San Francisco on Jan. 7th, 2024.
Gordon will be presenting positive clinical data for Lipidio’s first in class therapeutic for treating Sebaceous Hyperplasia. This conference uniquely fosters investment and partnerships to help advance the next generation of innovations in dermatology.
For more information on the conference, visit the Dermatology Summit 2024 website »
Strengthens investor syndicate with participation from biotechnology luminaries Nancy Chang, John Maraganore and Brent Saunders
SAN DIEGO, November 10th, 2022, Lipidio Pharmaceuticals Inc. (Lipidio), a biopharmaceutical company developing novel therapeutics for dermatological and metabolic diseases, announced today the close of an extension to its Series A financing, bringing the total amount raised to over $20M.
More…In addition to current Series A investors, this extension was led with participation of several new investors, including Nancy Chang (former Founder and CEO of Tanox), John Maraganore (former Founding CEO of Alnylam) and Brent Saunders (former Chairman & CEO of Allergan), along with a selected group of world-renowned dermatologists. Previous investors in the Series A include other successful, serial entrepreneur biopharma executives, as well as two Institutional Investor firms, Alethea Capital and 3E Bioventures.
"We are thrilled to raise this extension from several of the most accomplished and well-known executives in our industry. I want to sincerely thank Brent, John and Nancy, along with all our investors for their support, as we continue to advance GDD3898 in the clinic,” said J. Gordon Foulkes, Ph.D., CEO of Lipidio. “Our investors are highly encouraged by our recent clinical data and new insights into the multiple mechanisms induced by GDD3898 in the skin, which provide a strong rationale for expansion of our current indications. The Series A extension funds will provide ample runway to analyze data from the three clinical trials anticipated to complete before the end of this year, and to support the launch of our Series B financing in the first quarter of 2023.”
John Maraganore, Ph.D., added, “I am excited about the innovative and differentiated approach that Lipidio is taking to tackle serious dermatological conditions. Gordon and his team have discovered a novel mechanism of action for GDD3898, and they are pursuing indications for which there are no approved therapies and no competing drugs in development. I believe GDD3898 holds tremendous potential as a novel topical product that could change the treatment paradigm for dermatologic and potentially other diseases.”
“I am proud to participate in this financing with such a stellar group of biopharma leaders,” commented Brent Saunders. “GDD3898 has the potential to emerge as a first-in-class product for acne and sebaceous hyperplasia, filling a major gap in treatment and disrupting the market. I’m excited to work with the world-class team at Lipidio to bring this exciting product to patients.”
Nancy Chang, Ph.D., is Chairperson of Ansun Biopharma, a company focused on the development of unique host-directed anti-viral therapies for respiratory viruses including Parainfluenza virus (PIV) and Influenza virus (Flu). She also serves as CEO and President of Apex Enterprises, Inc., an investment management company focused on investments in healthcare, education, and socially responsible ventures. From 2007 to 2012, she was Chairperson and Senior Managing Director of Orbimed Asia LLC. Prior to OrbiMed, Nancy was the Co-Founder, Chairperson and CEO of Tanox (1986-2006). In 2000, Tanox went public on NASDAQ, raising $250M and making it the second-largest Biotech IPO ever done at that time. Tanox research led to the FDA approval of Xolair and its acquisition by Genentech for over $900M in 2007.
John Maraganore, Ph.D., was the founding CEO and a Director of Alnylam from 2002 to 2021, where he built and led the company from an early research platform forming over 20 major pharmaceutical alliances through to the global approval and commercialization of the first four RNAi therapeutic medicines. John created one of our Industry’s most successful companies, with a current market capitalization of approximately $25B. He is also a member of the Board of Directors of the Biotechnology Innovation Organization (BIO) and served as the Chair of BIO from 2017-2019. John is currently a Venture Partner at ARCH Venture Partners and Atlas Ventures, an Executive Partner at RTW Investments, a Senior Advisor at Blackstone Life Sciences, and serves on the Board of the Termeer Foundation.
Brent L. Saunders is Executive Chairman of the Beauty Health Company (Nasdaq: SKIN) and Chairman, Co-Founder and CEO of Vesper Health. Mr. Saunders served as Chairman and CEO of Allergan until May 2020, when the company was acquired by AbbVie Inc. in a transaction valued at approximately $63B. Brent’s first role as a senior executive in the healthcare sector began in 2003 at Schering-Plough as President of their Global Consumer Health Care Division. While at Schering-Plough, Brent led the integration of the company’s $14B acquisition of Organon Biosciences, as well as the merger between Schering-Plough and Merck & Co., Inc. in 2009. Brent also served as CEO of Bausch + Lomb Inc., until its acquisition by Valeant Pharmaceuticals, Inc. for approximately $9B. He then became the CEO of Forest Laboratories Inc., leading the company’s merger with Actavis in 2014, and in 2015, Actavis’ acquisition of Allergan, renaming the combined company Allergan PLC.
Lipidio Pharmaceuticals is a biopharmaceutical company focused on transforming molecules into the right medicines for dermatological and metabolic diseases. Lipidio’s lead program, GDD3898, is in clinical development for the treatment of multiple conditions with unmet medical needs including dermatological conditions such as moderate to severe acne and sebaceous hyperplasia, nonalcoholic steatohepatitis (NASH), and obesity. Lipidio is headquartered in San Diego, CA.
To learn more, please visit https://lipidiopharma.com/.
Amy Conrad
Juniper Point
858-366-3243
amy@juniper-point.com
SAN DIEGO, Lipidio Pharmaceuticals, Inc. (Lipidio), a newly established biopharmaceutical company developing drugs to treat diseases associated with excess body fat, announced today that is has been included in the 2020 class of Cool Companies by Connect with the San Diego Venture Group (SDVG).
More…Cool Companies is an annual capital program designed to match San Diego’s best technology and life sciences startups ready to raise Series A — with quality venture capital. The program selects top tier, local entrepreneurs raising institutional funding, and grants them opportunities for direct access to capital providers. The program regularly attracts over 200 VCs to the region annually. Since 2016, Cool Companies have raised over $400M, in just Series A institutional funding.
“Connect is a great springboard for start-ups in San Diego, giving entrepreneurs access to high quality capital, industry-savvy investors, and a world-class network of colleagues working together to make a meaningful impact on San Diego and the larger biotech ecosystem,” said J. Gordon Foulkes, Ph.D., CEO & Director of Lipidio. "We are pleased to be recognized in this year’s class of Cool Companies and look forward to continued support from Connect as Lipidio advances our lead program, GDD3898, toward the clinic for the treatment of diseases associated with excess body fat.”
Connect is a community nonprofit organization passionate about helping tech and life science entrepreneurs build great companies. Connect serves entrepreneurs throughout their growth journey with a suite of curated programs aimed to help companies grow, gain access to capital, and scale. The national venture capital community is annually presented with ‘Cool Companies’, San Diego’s top-performing startups, selected neutrally by our elite community of VCs, angel investors, entrepreneurs, executives, market influencers, and community leaders.
Lipidio Pharmaceuticals is focused on developing drugs to treat diseases associated with excess body fat and its lead program, GDD3898, is being investigated for the treatment of nonalcoholic steatohepatitis (NASH) and Prader Willi syndrome (PWS), an orphan disease, and anti-psychotic drug induced weight gain (AIWG). Lipidio is headquartered in San Diego, CA.
To learn more, please visit https://lipidiopharma.com/.
Amy Conrad
Juniper Point
858-366-3243
amy@juniper-point.com
SAN DIEGO Lipidio Pharmaceuticals, Inc. (Lipidio), a newly established biopharmaceutical company developing drugs to treat diseases associated with excess body fat, announced that it has received support from the Foundation for Prader Willi Research to help advance its lead therapeutic candidate GDD3898.
More…"Prader-Willi syndrome, or PWS, is a complex neurodevelopmental genetic disorder, and the most common orphan genetic cause of life-threatening childhood obesity. To further advance therapeutic development of new drugs to treat symptoms associated with PWS, the Foundation for Prader-Willi Research has recently begun to partner with companies, like Lipidio," commented John Walter, CEO of the Foundation for Prader-Willi Research. "We are pleased to support Lipidio and the advancement of GDD3898, a promising program that aims to target the metabolic conditions associated with PWS. We look forward to working with Lipidio's team of experts toward delivering a life-changing solution to patients and their families."
In addition to receiving support from the foundation, Lipidio has built an experienced team, Board of Directors, and Advisory Board that includes many world-renowned experts in metabolic disease drug development. In parallel with this support, the company also announced that Dr. Nancy Hutson has joined the Board. Dr. Hutson previously served as Senior Vice President, Pfizer Global R&D and Director of Pfizer's largest R&D site in Connecticut, serves on the Board of Directors and Advisory Board of Lipidio. While at Pfizer, she previously led the Department of Metabolic Disease which had research in diabetes, obesity, osteoporosis and cardiovascular disease, including modulating lipids and anti-hypertensives. Lipidio's Board also includes Dr. Robert Ruffolo who served as the President of Research & Development, as well as Corporate Senior Vice President, of Wyeth Pharmaceuticals (now Pfizer) prior to his retirement. Dr Ruffolo was previously Senior Vice President and Director of Biological Sciences, Worldwide, at SmithKline Beecham (now GlaxoSmithKline).
"We are pleased to advance our lead program, GDD3898, in new indications associated with excess body fat" said J. Gordon Foulkes, Ph.D., CEO & Director of Lipidio. "We believe that we have assembled the right team, the right Board and the key scientific advisors to unlock the value in GDD3898 and look forward to advancing our development plans." The Lipidio team has deep expertise in drug development and pharma partnering with a proven track record highlighted by over 100 INDs and more than 70 transactions with pharma. The Lipidio team is led by Dr. J. Gordon Foulkes, Ph.D., CEO & Director, who previously served as the founding CEO of Excaliard Pharmaceuticals (acquired by Pfizer), Executive Chairman of Redwood Biosciences (acquired by Catalent) and Managing Director at RiverVest Ventures. Prior to those roles, he led research and development for multiple biotechnology companies, including OSI Pharmaceuticals (acquired by Astellas).
FPWR is composed of thousands of parents, family members, researchers, and others who are interested in addressing the many issues related to PWS, including childhood obesity, developmental delays, psychiatric disorders, and autism spectrum disorders. The mission of FPWR is to eliminate the challenges of Prader-Willi syndrome through the advancement of research and therapeutic development. FPWR supports cutting edge research studies around the world to advance the understanding of PWS, and collaborates with research institutions, pharmaceutical companies and the FDA to advance new treatments that will help those with PWS to one day lead independent lives. To date, FPWR has funded over $14 million in PWS research. For more information please visit https://www.fpwr.org/.
Lipidio Pharmaceuticals is focused on developing drugs to treat diseases associated with excess body fat and its lead program, GDD3898, is being investigated for the treatment of nonalcoholic steatohepatitis (NASH) and Prader Willi syndrome (PWS), an orphan disease, and anti-psychotic drug induced weight gain (AIWG). Lipidio is headquartered in San Diego, CA. To learn more, please visit https://lipidiopharma.com/.
Amy Conrad
Juniper Point
858-366-3243
amy@juniper-point.com