TrialSpark announces partnership with major pharmaceutical company to jointly acquire and develop clinical-stage novel therapies
Mutual focus on increasing speed, efficiency, and innovation in drug development to reimagine the future of medicine
NEW YORK, Oct. 4, 2022 /PRNewswire/ -- TrialSpark today announced a new partnership with global pharmaceutical company Sanofi to explore novel methods of bringing new treatments to patients faster and more efficiently. The collaboration will focus on jointly pursuing the acquisition/in-licensing and development of best-in-class, clinical-stage Phase II and Phase III drug candidates in areas of high unmet patient need.
The partnership aims to leverage Sanofi's global commercial expertise and TrialSpark's tech-enabled drug development capabilities, exploring new and innovative models of clinical development, such as behavioral intervention and digital technologies to achieve better patient outcomes.
"We are excited to initiate this novel collaboration with TrialSpark, as another example of our commitment to innovation in the healthcare ecosystem" said, Alban de La Sablière, Partnering Head, Sanofi. "This collaboration will not only identify attractive late-stage assets, but will also use innovative development plans which could bring meaningful outcomes to patients in areas of mutual interest."
"It is a privilege to partner with Sanofi to jointly acquire and develop new treatments," said Benjamine Liu, TrialSpark's CEO and Co-Founder. "Sanofi is a world leader in drug development, with extensive global commercial expertise. TrialSpark is delighted to have such an exceptional partner to work together with on bringing new treatments to patients faster than ever before."
The Sanofi and TrialSpark partnership formally launched in September 2022, jointly targeting six transactions over the course of the next three years.
Founded in 2016, TrialSpark is a tech-driven pharma company differentiated by radically more efficient drug development. TrialSpark has built a technology platform that optimizes all aspects of clinical drug development, enabling more efficient trial design, faster trial completion, and higher quality trial data. The company acquires clinical-stage drugs from pharmaceutical and biotech companies and develops them faster, unlocking greater value per program and accelerating access to new treatments for patients. TrialSpark's current therapeutic areas of focus include rheumatology, dermatology, CNS, and cardiometabolic diseases.
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