New chief executive seeks more financing for Ribonexus

14 December 2022

French drug resistance specialist Ribonexus has appointed Steven Powell as chief executive, as the company prepares to seek more financing for its small molecule programs.

Formerly known as Aglaia Therapeutics, the Villejuif-based biotech is focused on finding ways to overcome resistance to current targeted therapies in oncology.

The incoming chief executive will aim to move into pre-clinical development work, building out a pipeline of molecules targeting eurkaryotic initiation factor-4A (eIF4A).

Scientists at Ribonexus regard this as a promising target for new cancer drugs, given that it is associated with resistance to current therapies and is highly active in a variety of solid and hematological cancers.

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