- HanAll will invest in Interon Laboratories, a preclinical-stage biotechnology company focused on treating complex neurological disorders
- Interon is developing a new category of immunotherapy for people with neurological and immune disorders starting with autism spectrum disorder
HanAll Biopharma Co., Ltd. (KRX: 009420. KS) today announced that it is investing in Interon Laboratories, Inc., a US-based biotechnology company focusing on discovering and developing innovative treatments for brain diseases. The investment will fund Interon’s continued development of its lead programs targeting an array of neurological and immune disorders.
Interon is currently focused on developing therapeutics for severe autism spectrum disorder (ASD) by modulating the neuro-immune axis pathway. Interon’s technology was pioneered by the scientific co-founders at Harvard Medical School and MIT. Using the technology, Interon will proceed with pre-clinical research on developing therapies targeting indications in neurological disorders, starting with ASD.
“We are deeply impressed by the Interon’s neuro-immunological approach to treat autism spectrum disorder, and we look forward to further collaborations to make a meaningful contribution to patients,” said Sean Jeong, M.D., CEO of HanAll Biopharma.
“Interon is excited to partner with HanAll in our shared goal of developing novel therapeutics to improve human health. We believe HanAll’s expertise and history of innovation will help accelerate Interon’s lead programs,” said Jaspaul Singh, Co-Founder and CEO of Interon Laboratories.
[Image - HanAll Biopharma, Interon Laboratories Logo]
About HanAll Biopharma
HanAll Biopharma (KRX: 009420.KS) is a global biopharmaceutical company founded in 1973, with a mission of making meaningful contributions to patients’ lives by introducing innovative, impactful therapies to address severe unmet medical needs. HanAll has been operating a portfolio of pharmaceutical products in areas ranging from endocrine, circulatory, and urologic diseases for more than 49 years.
HanAll has also expanded its focus to ophthalmology, immunology, oncology and neurology to discover and develop innovative medicines for patients with diseases for which there are no effective treatments. Its lead pipeline asset, HL161 (INN: batoclimab), an anti-FcRn antibody, is being developed in Phase 3 and Phase 2 trials across the world for the treatment of rare autoimmune disorders including myasthenia gravis, thyroid eye disease, warm autoimmune hymolytic anemia, neuromyelitis optica, and immune thrombocytopenia. Another main asset, HL036 (INN: tanfanercept), an anti-TNF alpha biologic, is being evaluated in Phase 3 clinical trials in the US and China for the treatment of dry eye disease. For further information connect with us on linkedin. For any media inquiries, please contact HanAll PR/IR (email@example.com, firstname.lastname@example.org).
About Interon Laboratories
Interon Laboratories is a biotechnology company based in Boston, Massachusetts, USA. Interon is developing treatments for neurological disorders, including Autism Spectrum Disorder. Interon’s platform technology can also be applied to treating other neurological disorders and inflammatory diseases.
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