OBIO CAAP Company: Anges Québec members contribute to $530,000 investment in Ovensa

June 8th, 2016 Montreal – Today Anges Québec announced its members are taking a
stake in Ovensa, a biotechnology company. Members of Anges Québec and Aligo Innovation are joining with private investors to inject $530,000 into this Ontario firm, whose new technology delivers therapeutic molecules through oral administration to targeted human tissue, including the brain—a major medical advance. 

In delivering medication directly to glioblastoma cells (brain tumours) and to Tau and beta amyloid proteins (which play a significant role in the development of Alzheimer’s disease), this technology will increase the efficacy of many treatments while reducing their toxicity.

“This new investment and support from members of Anges Québec and Aligo Innovation will be a boon in demonstrating the value of this new technology, given our plans to develop more personalized medications for patients in partnership with the pharmaceutical industry,” noted Stéphane Gagné, President of Ovensa. “This will lead to better results and drastically reduce treatment side effects that impact patients’ quality of life.”

For the full press release, click here