Axaron Bioscience AG: On the way to developing a new stroke drug
The Heidelberg biotechnology company develops innovative therapies for treating neuro-degenerative diseases such as stroke, amyotrophic lateral sclerosis (ALS), spinal injuries, Huntington's chorea and Parkinson's disease. Of the company's innovations, the one at the most advanced stage of development is the active agent AX200 that has been undergoing Phase II clinical trials for strokes since 2004. The company was founded in 1997 as a joint venture between BASF Aktiengesellschaft and the US biotechnology company LYNX Therapeutics Inc. Since 2001, Axaron Bioscience AG has been trading as an independent company, currently with 35 employees.
Objectives and challenges
Position the company as the leading player in the development of innovative therapies for CNS diseases – Raise profile in the trade, business and daily press and on the venture capital scene – Establish and shape the corporate brand.