Flamingo will use the grant to support translational research in its lead clinical programme, danvatirsen. Credit: Michal Jarmoluk from Pixabay.

Flamingo Therapeutics has received a research grant of €1.7m from Flanders Innovation & Entrepreneurship (VLAIO) to further advance its oncology portfolio targeting RNA.

The grant will help Flamingo to support its translational research in a Phase II study of its lead clinical programme, danvatirsen, to treat head and neck squamous cell carcinoma.

Related Company Profiles

View all

It will also support the firm’s preclinical effort on the long non-coding RNA (LncRNA) programme, FTX-001, that targets MALAT-1.

The newly granted award accounts for 60% of the funding of the €2.9m project.

It comes after Flamingo announced a deal in March 2023 to merge its operations with Dynacure.

See Also:

Flamingo Therapeutics corporate development and operations head Floor Stam stated: “This award provides further validation of our approach in creating a meaningful pipeline of programmes that target undruggable transcription factors and non-coding RNA, such as STAT3 and MALAT-1.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We thank VLAIO for their partnership and collaboration in helping us build a leading oncology company based on RNA therapeutics.”

Danvatirsen, an antisense oligonucleotide that selectively targets STAT3, has demonstrated clinical activity in two Phase II clinical trials.

It has the capability to bind to STAT3 mRNA, thereby inducing the transcript’s breakdown.

Flamingo is also accelerating the development of its long non-coding RNA (LncRNA) programme, FTX-001, through readiness for a Phase I trial in solid tumours.

LncRNAs are a large and untapped class of targets that cause disease within the human genome’s “dark matter”.

Editorial content is independently produced and follows the highest standards of journalistic integrity. Topic sponsors are not involved in the creation of editorial content.