Billionaires Andrew and Nicola Forrest are taking aim at peanut allergy with their new healthcare venture, backing a small biotech looking to develop a treatment for the common allergen.
Billionaires Andrew and Nicola Forrest are taking aim at peanut allergy with their new healthcare venture, backing a small biotech looking to develop the first safe, convenient, and targeted treatment for the common allergen.
“Aravax ticks a number of boxes. It’s exciting that’s coming out of Australia. It’s got a fantastic international scientific advisory and guidance already, which is really important for small Australian companies,” Dr Burnell said.Peanut allergy affects 1 per cent to 2 per cent of the global population but is greatly underserved by the approved treatment options which use natural extracts from peanuts.
“PVX108 has revolutionary potential because we have engineered out the safety risks associated with current approaches. Furthermore, the precise action of PVX108 affords a vaccine-like dosing regimen which is expected to be more convenient than the daily dosing required for other therapies, likely resulting in better adherence,” Dr Hickey said.
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