Skip to main content
| News

Rhizen drug secures approval in the USA

10.02.2021

The United States Food and Drug Administration has granted accelerated approval for the drug Umbralisib. Basel biotech Rhizen has discovered this inhibitor for the treatment of cancer.

Swaroop Vakkalanka, President and CEO of Rhizen Pharmaceuticals (img: Rhizen)

Rhizen Pharmaceuticals has discovered Umbralisib, a medication that has now been approved by the US Food and Drug Administration (FDA) for the treatment of patients with certain types of marginal zone lymphoma (MZL) and follicular lymphoma (FL). Rhizen licensed the inhibitor to TG Therapeutics based in the USA, which also did its total clinical development. The Basel biotech has retained commercialization rights for India as well as being the manufacturing and supply partner for Umbralisib, as was reported in a press release.

Umbralisib is an oral, once daily, inhibitor of phosphoinositide 3 kinase delta and casein kinase 1 epsilon. “Umbralisib’s approval offers MZL and FL patients a new treatment option and is a huge validation of Rhizen’s drug discovery & development capabilities,“ said Swaroop Vakkalanka, President & CEO of Rhizen Pharmaceuticals, in the press release.

Rhizen relocated from La Chaux-de-Fonds in the canton of Neuchâtel to Basel in December 2020, with support from Basel Area Business & Innovation, the investment and innovation promotion agency. At the new main location in Basel, the clinical development and commercialization of the novel oncology and inflammation medicines are to be promoted. In particular, Rhizen wants to benefit from the proximity to the Basel Area life sciences cluster. It furthermore plans to grow and create local jobs, so the highly qualified talent offered by Basel was another key factor.

“Basel with its vibrant biotech and pharma ecosystem offers the best opportunity for Rhizen to expand and focus on clinical development of its rich pipeline of investigational drugs,” explained Vakkalanka.

Share this article

Sign up to receive our newsletter in your inbox.

You may also be interested in

Gamma Technologies acquires ProFEMAG portfolio
Advanced Manufacturing/AI, Basel Area Business & Innovation, ICT, Innovation, Invest

Gamma Technologies acquires ProFEMAG portfolio

The Basel-based firm ProFEMAG AG has sold its FEMAG software for electrical machine applications to Gamma Technologies. The company based...

Read More
Databaum establishes headquarters in Basel
Basel Area Business & Innovation, ICT, Innovation, Invest, Life Sciences / biotech

Databaum establishes headquarters in Basel

Databaum is establishing its headquarters in Basel and plans to grow from its location there. The startup provides the agricultural...

Read More
Clinerion launches patient information platform
Basel Area Business & Innovation, Digital Health, ICT, Innovation, Invest, Life Sciences / biotech

Clinerion launches patient information platform

Basel-based Clinerion is introducing its machine learning platform. It comprises a global network of hospitals and enables researchers to recognize...

Read More
New innovation campus opens in the Basel Area
Basel Area Business & Innovation, Innovation, Invest, Life Sciences / biotech, Switzerland Innovation Park

New innovation campus opens in the Basel Area

The Main Campus of the Switzerland Innovation Park Basel Area was officially opened on October 29. In his speech, Federal...

Read More
Sumitovant acquires all shares in Myovant
Basel Area Business & Innovation, Innovation, Invest, Life Sciences / biotech

Sumitovant acquires all shares in Myovant

Sumitovant is in the process of making Basel-based Myovant Sciences a wholly owned subsidiary by acquiring a 100 percent shareholding...

Read More
VectivBio raises 125 million US dollars in stock sale
Basel Area Business & Innovation, Innovation, Invest, Life Sciences / biotech

VectivBio raises 125 million US dollars in stock sale

VectivBio has announced the closing of the subscription offer for 16,700,000 ordinary shares. The Basel-based biotechnology firm has generated gross...

Read More
1 2 3 29

Do you have a question? We'd like to hear from you.