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Announcements and Updates


Novaremed Secures Additional Financing and Strengthens Leadership

BASEL, Switzerland--(BUSINESS WIRE)--Novaremed AG (Novaremed), a clinical-stage Swiss biopharmaceutical company, today announced that it has secured CHF2.6 million in additional financing from its existing shareholders and several new private investors. This brings the total financing raised by the company, since its inception, to CHF21 million. In addition, the company announced that Subhasis Roy, Novaremed’s COO since April 2018, will be stepping up and fulfilling the role of Interim CEO.

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Isaac Kobrin
TOLREMO therapeutics AG was featured on CNNMoney Switzerland as part of their Swiss Start-up Tour

Swiss biotech start-up Tolremo says its new methods of cancer treatment are turbo-charging the field. CEO Stefanie Flückiger-Mangual—who likens her company’s treatment to a boxer knocking out an opponent—explains why her start-up benefitted from the “unique Swiss position” when it comes to funding, and how her American counterparts in the biotech industry are struggling. Part of our Swiss Start-up Tour.

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Isaac Kobrin
Novaremed announces Management changes

Basel/Switzerland, July 29, 2019 – Novaremed AG (Novaremed), a clinical-stage Swiss biopharmaceutical company, announced today that by mutual agreement with the Board of Directors, Dr. Nicholas Draeger has decided to step down as CEO and member of the Board of Directors and will serve as a senior advisor to Novaremed in order to ensure a smooth leadership transition. The search for a full-time successor to Dr. Draeger has been initiated.

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Isaac Kobrin
Novaremed Presents Top-Line Results from Phase 2a Diabetic Neuropathic Pain Study of NRD.E1 at NeuPSIG 2019

Basel/Switzerland, May 17, 2019 – Novaremed AG, a clinical-stage Swiss biopharmaceutical company, today announced a poster presentation highlighting the top-line results from a Phase 2a (Proof of Concept) study of NRD.E1 for the treatment of diabetic neuropathic pain (DNP). The poster presentation took place at the 7th International Congress on Neuropathic Pain Meeting (NeuPSIG) in London, UK on May 9-11, 2019.

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Isaac Kobrin
Nicholas Draeger Named New CEO of Novaremed AG

BASEL, Switzerland--(BUSINESS WIRE)--The Board of Directors of Novaremed AG, a Swiss clinical-stage biopharmaceutical company, is pleased to announce the appointment of Nicholas Draeger as the new CEO. Nicholas will assume the role effective immediately. Former CEO and Founder, Eli Kaplan, will take a new role in the company to support the company’s further development of its lead asset and expansion of its drug pipeline.

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Isaac KobrinNovaremed
Virometix AG appoints new CEO

Virometix today announced the appointment of Anna Sumeray as Chief Executive Officer.

Schlieren, Switzerland (February 1, 2019) – Virometix, a privately held biotechnology company developing a new generation of vaccines and immunotherapeutic drugs for the prevention and treatment of infectious and oncology diseases, today announced the appointment of Anna Sumeray as Chief Executive Officer. She succeeds Arin Ghasparian, who will remain member of the Board of Directors. The Board of Directors wishes to thank Mr Ghasparian for his valuable contribution to the development of the Company, as Chief Executive Officer during the last six years. Anna Sumeray brings more than 25 years of business leadership in the pharmaceutical and biotechnology industries. Ms. Sumeray currently serves as Managing Partner of Alacrita, a global life science consulting firm where she is responsible for the European operations and Commercial Practice.

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Isaac KobrinVirometix AG
TOLREMO raises CHF 9 million series A financing round and strengthens Board of Directors with industry experts

Zurich, September 24th 2018. TOLREMO therapeutics AG (“TOLREMO”), a privately held Swiss biotech company, announced today the completion of an oversubscribed series A financing round of CHF 9.0 million (USD $9.3 million). The Swiss venture capital firm BioMedPartners led the round and was joined by the Swiss venture capital firms Redalpine and Altos Venture, as well as TOLREMO’s existing shareholders including the Swiss bank Zürcher Kantonalbank and several experienced biotech investors. The capital increase will allow the ETH Spin-off to further advance two major drug development programs to prevent drug resistance in cancer therapies.

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Novaremed announces that it has raised CHF 6 million to prepare for a Phase 2b clinical study in Diabetic Neuropathic Pain

BASEL, Switzerland--(BUSINESS WIRE)--Novaremed AG, a Swiss clinical-stage biopharmaceutical company, announced today that it has successfully raised additional financing of CHF 6 million from existing shareholders and several new private investors. The financing raised via a rights offering, with pro-rata rights for existing shareholders, was significantly oversubscribed. The proceeds of the financing will be used to prepare for a global Phase 2b clinical study of its lead compound, NRD.E1, a novel, first-in-class, small molecule for patients suffering from diabetic neuropathic pain (DNP).

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Isaac Kobrin
Novaremed announces that it has raised CHF 4.4 million Phase 2b study planned for lead compound NRD.E1 in diabetic neuropathic pain

Basel/Switzerland, April 17, 2018 – Novaremed AG, a newly incorporated Swiss clinical-stage biopharmaceutical company, announced today that it has successfully raised CHF 4.44 million from private investors. The funds will be used to prepare for a Phase 2b clinical study of its lead compound, NRD.E1, a novel, first-in-class, small molecule for patients suffering from diabetic neuropathic pain (DNP).

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Isaac KobrinNovaremed
TOLREMO therapeutics AG – Preventing Drug Resistance in Cancer Therapy

Zurich, September 18th 2017. TOLREMO therapeutics AG (“TOLREMO”), a privately held research-stage biotechnology company, announced today the completion of a fundraiser with private investors of 2.4 million Swiss Francs. The proceeds will be used to advance the company’s discovery and development of breakthrough medicines to target drug resistance in cancer therapy.

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Virometix Appoints Dr. Pierre A. Morgon as New Chairman and Dr. Isaac Kobrin as New Member of the Board of Virometix AG

Schlieren, Switzerland  (25.01.2017) –  Virometix  today announced the appointment of Dr.  Pierre  A. Morgon, PharmD, LL.M., MBA as Chairman and Dr. Isaac Kobrin as independent member to its Board of Directors. In addition, the company announced the nomination of Emmanuel Savioz, MBA as new Chief Financial Officer. With these appointments  Virometix  is taking further steps to enhance professional expertise within the Board of Directors and senior management of the company. Furthermore, the Scientific Advisory Board has been strengthened with the addition of emeritus Prof. Paul-Henri Lambert, MD.

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Isaac KobrinVirometix AG