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SymbioTec and NextGen to form collaborative venture

UK based NextGen Bioscience has said that it is in collaboration negotiations with SymbioTec, a German company that develops and markets innovative cancer-fighting products.

The two companies have signed a letter of intent to come to a collaboration agreement and both companies have expressed confidence in forming a mutually beneficial alliance.

Konstantinos Kardiasmenos, CEO of NextGen, said: “SymbioTec’s drug Oncohist is capable of destroying cancer cells. The drug uses an approach fundamentally different from all currently used methods and represents a real potential to replace existing cancer therapies.”