eNewsroom for: Gem Pharmaceuticals

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Gem Pharmaceuticals Company Profile

Gem Pharmaceuticals is a clinical-stage biopharmaceutical company developing proprietary anthracycline derivatives specifically designed to eliminate the critical cardiotoxicity side effect of this powerful class of chemotherapeutics while maintaining their well-documented anti-cancer efficacy. In so doing, Gem seeks to transform traditional broad-spectrum cytotoxic drugs into modern – and biochemically targeted – anti-cancer agents that hold the potential for higher dosing and correspondingly improved therapeutic utility. Gem believes that its lead non-cardiotoxic anthracycline compound (GPX-150) has the potential to attain significant market penetration by replacing the existing use of doxorubicin and other anthracyclines; by expanding the oncology uses of anthracyclines; and by broadening anthracycline use beyond cancer.

News from Gem Pharmaceuticals:

Gem Pharmaceuticals Announces $4.5 Million Financing

New Investment Will Fund the Company's Upcoming Phase 2 Clinical Trial in Sarcoma Patients
BIRMINGHAM, Ala., March 19, 2014 /PRNewswire/ – Gem Pharmaceuticals announced today that current Gem boardmembers/investors Diane Hendricks and Karl Leo have agreed to provide up to $4.5 milli…