Thomson Geer acts on anticancer drug firm’s capital raising

The firm’s lead drug which was discovered in the forests of Far North Queensland has been successfully tested on humans.

Thomson Geer acted for QBiotics Limited in the biotechnology firm’s successful capital raising.
 
QBiotics Limited, an Australian biotechnology company of approximately 1,400 mostly retail shareholders, sought to raise $12.5 million by way of prospectus which was oversubscribed.
 
The Thomson Geer team was led by partners Dan Kramer and Roberta Bozzoli, and assisted by senior associates Ebru Davidson and Madeleine Kulakauskas.
 
QBiotics Limited is developing a pipeline of promising drugs in the area of cancer and wound healing for both the human and veterinary markets.
 
The firm’s lead drug, EBC-46, which was discovered in the forests of Far North Queensland has been successfully tested on humans, according to a report from The Cairns Post. The drug derived from the seeds of the rainforest blushwood tree, which grows on the Tablelands, is hoped to be commercially available in four years.
 
EBC-46 targets solid tumours and is currently in late pre-clinical development in preparation for a Human Clinical Phase I/II trial with the USA’s FDA. EBC-46 is also in late stage development for the veterinary market through the USA’s FDA-CVM.
 

Related stories:
Firm acts on $260m capital raising
Ashurst advises Euroz and Canaccord on $62.6m entitlement offer
 

Recent articles & video

Lander & Rogers launches workplace law elective at QUT

CE Family Law's Louise Hunter had an Erin Brockovich for a grandma

WFW picks up win at 2024 Australian ADR Awards

Three additions enhance G+T's partnership

American Bar Association releases guidance to prevent conflict with unretained clients

UK bar survey reveals one in five pupils face bullying and discrimination

Most Read Articles

Hamilton Locke partner transitions to Lander & Rogers

Global law firm Kirkland & Ellis advises on multi-billion-dollar merger in the natural gas sector

Two Australian lawyers ascend to partner in major HFW promotions round

ALRC releases anti-discrimination, religious educational institution law recommendations