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Failed drugs reincarnated

Israel’s Optimata, Teva join forces to develop salvaged cancer drugs
Written byLori Lesko
| 3 min read

RAMAT GAN, Israel—Biopharmaceutical company Optimata Ltd. and generic giant Teva Pharmaceutical Industries Ltd. have teamed up to fast-track the development of cancer drugs by using bio-stimulation technology aimed at salvaging drugs that failed clinical tests.

The linchpin of the process—and the collaboration—is the Optimata Virtual Patient (OVP), which allows companies to rescue and redirect the clinical development of discontinued drug candidates, shelved by originator pharmaceutical firms.

Under the terms of the partnership, announced June 30, Optimata will receive upfront payments, development milestones and royalty payments. In addition, partner Teva, headquartered in Tikya, Israel, has made an undisclosed equity investment in Optimata.

Both companies are keeping the specific financials confidential and close to the vest.

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