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Ossianix to generate biopharmaceuticals for nervous system disorders

Ossianix has announced a strategic investment by H Lundbeck which allows Ossianix to generate biopharmaceuticals for the treatment of nervous system disorders.

The biopharmaceuticals are produced utilizing Ossianix’s Osss proprietary single domain antibody platform modeled on the shark vNAR structure.

Lundbeck will retain the right to negotiate for certain products and technologies arising from the research at Ossianix.

Ossianix CEO Frank Walsh said that Lundbeck via this investment has chosen to further extend their involvement in the emerging field of biotherapeutics for CNS disorders.

"We also welcome Peter Andersen, senior vice president, external scientific relations to the Board of Directors of Ossianix," Walsh added.