We’re not going particularly far this week and we aren’t even leaving Scandinavia! From Stockholm, we are crossing the border to Norway and go up North. Sadly it’s not the see the Northern Lights but to visit Trondheim, where Avexxin, our Biotech of the Week is located.
City: Trondheim (Norway)
Employees: 8 (as of 12/2014)
Financial Data: N/A
CEO: Mikael Ørum
Mission: Based in Trondheim, clinical stage pharmaceutical company Avexxin specialises on the development of novel, first-in-class small molecules for a treatment of a range of inflammatory conditions, and chronic diseases.
Avexxin’s current pipeline includes compounds against psoriasis and related autoimmune diseases, including rheumatoid arthritis and glomerulonephritis (Kidneys). They have even been previously tested and proven successful against various cancer models.
The new chemical entity in use targets the group IVa cPLA2 enzyme regulating the cytokine-induced activation of the pro-inflammatory transcription factor NF-κB.
Comment: This is the most northern Biotech company we ever covered on this website. It’s great to see breakthrough science is developed all around Europe, from Majorca up to the artic circle.