UPMC launches drug discovery company for cancer treatments

Pittsburgh-based UPMC on Aug. 23 launched Novasenta, a drug discovery and development company seeking new cancer treatments.

Advertisement

To develop immunotherapies, Novasenta focuses on the ecosystem that surrounds and interacts with tumors in the body. It is currently working with T-cell targets and has a goal to launch its first clinical trial by the end of 2023.

Veteran biotechnology leader Mani Mohindru, PhD, will serve as Novasenta’s CEO.

“Novasenta has the ability to analyze the tumor microenvironment of a wide variety of cancers due to our strong research and clinical relationships with Pitt and UPMC,” Dr. Mohindru said in a statement. “This allows us to capitalize on the critical relationship between disease, immune response and metabolism when assessing the tumor microenvironment for the discovery of novel druggable targets, which will help us develop treatments that benefit patients with cancer.”

UPMC invested in Novasenta through its venture capital arm in a $20 million funding round. 

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Pharmacy

Advertisement

Comments are closed.