It’s time to Modernize Anesthetics! Meet the PAIONeers

Screenshot 2016 10 20 at 6.49.20 PM e1476982237695

We travel from Finland back to the heart of Europe to visit the beautiful sights of Aachen. The citizens are starting to turn on the heat and get ready for its famous Christmas markets, while we visit our Biotech of the week, Paion.


City: Aachen, Germany

Founded: 2000

Employees: 35

Financial Data: €163M market cap + €10M in June from Cosmo Pharmaceuticals

Wolfgang Sohngen
Wolfgang Sohngen, CEO

Mission: Paion is working in the development of Remimazolam, an ultra-short-acting benzodiazepine sedative thanks to its rapid metabolism in the human body. The effect can be rapidly reversed with flumazenil to awake the patient when necessary. Anesthetic drugs have not changed in the last 30 years, and Paion is trying to modernize the field with a fast and effective alternative that doesn’t damage the liver.

Comment: After trouble recruiting patients for its Phase III trial in Europe, Paion is focusing in Japan and the US. This week, the company announced positive results for Remimazolam in Phase III trials for colonoscopy.

Featured image: Labiotech Map


Explore other topics: Germany

Newsletter Signup - Under Article / In Page

"*" indicates required fields

Subscribe to our newsletter to get the latest biotech news!

This field is for validation purposes and should be left unchanged.

Suggested Articles

Show More