Apr 18, 2023

Laminar Pharma accelerates with its drug against brain tumors . The Balearic company, which specialized in the rational design of drugs, aims to reach €1 billion million annually in 2026 through its drug against glioblastoma, an aggressive type of cancer that is generated in the brain or spinal cord, according to David Roberto, financial director of the company. The group has launched an  investment round of €15 million to finance its activity until next year when the company expects to reach break even. The company estimates the conditional approval of the drug from the European Medicines Agency for September 2024. Looking ahead to 2025, Laminar expects its revenue to start to skyrocket. If you want to find more details about Laminar Pharma and read the latest financial news of the day, download for free our companion app Born2Invest, available for both Android and iOS devices. Laminar Pharma estimates for September the conditional approval of its drug against glioma However, starting in 2026, when Laminar expects its brain tumor drug to be released, it will achieve revenues of at least $1 billion a year. The drug, which is considered a blockbuster (forecast sales of more than one billion a year), would fight against a disease that so far has no cure. The company, for now, has also ruled out going public, which had been initially contemplated. “We spent a long time thinking about it, with the aim of receiving investors and gaining visibility, but we have discarded it because we no longer need so much external capital and, for now, we can move forward with current resources,” Roberto detailed. Laminar Pharma will reach a turnover of €30 million in 2023, although the company assured that, if a license agreement were reached with other partners in the sector, the figure would skyrocket Laminar Pharma projects to reach €30 million in 2023 In addition to the drug against brain tumors, Laminar has two other drugs licensed in phase two: one, developed together with Ability Pharma, against pancreatic cancer, and another for spinal cord injuries. In addition, it plans to continue developing drugs against Alzheimer’s, Parkinson’s, and anti-infectious diseases in the coming years. Laminar Pharma was founded in 2006 as a project of the University of the Balearic Islands (UIB) by the researcher Pablo V. Escribá. Currently, it has 1,800 investors in total, although 80% of the company is in the hands of a group of between fifteen and twenty shareholders, including Escribá. Another of the company’s shareholders is the Matutes family. In fact, on the board of Laminar Pharma is Manuel Matutes Mestre, founding partner of Aguaduna.com, Kei Cities, and director of the Palladium Hotel group. __ DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our  disclaimer  for more information. This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these  important disclosures . First published in  PlantaDoce , a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail. Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.