Last deal

$7.66M
Local Amount - EUR 7M

Amount

Venture - Series Unknown

Stage

11.03.2024

Date

3

all rounds

$29.51M

Total amount

date founded

Financing round

General

About Company
Ability Pharmaceuticals creates cancer treatments and other medical therapeutics through drug discovery.

Industry

Sector :

Subsector :

Also Known As

AB Therapeutics

founded date

01.01.2009

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The company develops Lipid Analogue Therapeutics, which modifies the cell membrane composition to kill cancer cells through cytotoxic autophagy. Their pipeline includes ABTL0812 and ABTL1014, with ABTL0812 conducting a phase 2b clinical trial in patients with metastatic pancreatic cancer. ABTL0812 has finished phase 2a clinical trials in endometrial cancer and squamous NSCLC, and has potential in several cancer types. The product has been granted Orphan Drug Designation for pancreatic cancer, neuroblastoma, and biliary tract cancer. Development and marketing rights for Greater China have been granted to SciClone Pharmaceuticals, Inc.
Contacts

Contact Email

Phone number

Social url

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Investors
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Number of investors

Investor 
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Partners 
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Venture - Series Unknown

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CDTI Innovación's INNVIERTE program

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EUROPEAN INNOVATION COUNCIL

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CTI Life Sciences Fund

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Shermaine Tilley

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current job

CTI Life Sciences Fund
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People

Founders
2
Jordi Espadaler
Jordi Espadaler

Jordi Espadaler

Jordi obtained a BSc/MSc degree in biochemistry from the Autonomous University of Barcelona and also a PhD degree (Doctorate Extraordinary Award) from the same University. During his doctorate, Dr. Espadaler collaborated actively with Prof. Andrej Săli, a world-recognized expert in structural biology, and did several stays in his laboratory, both at the Rockefeller University (New York) and the University of California San Francisco. In 2006 he joined AB-Biotics SA when the company had just two employees and helped it to grow from a small start-up to a publicly traded company with around 40 employees.Jordi has published 10 articles in peer-reviewed journals and 3 patents (two of them are international patents), and is also a visiting professor since 2008 at the Master of Bioengineering of the Institut Químic de Sarrià (Ramon Llull University, Barcelona).In 2009 Jordi cofounded Ability Pharmaceuticals, SL to become its Vice-President, Drug Discovery in September 2009.

current job

Ability Pharmaceuticals
Ability Pharmaceuticals

organization founded

1

Jordi Espadaler

Carles Domènech
Carles Domènech

Carles Domènech

Carles obtained a BSs/MSc degree in biology (first class honors) from the Autonomous University of Barcelona and also a PhD degree in cellular biology from the same University, working at the Council of Science Research (CSIC). He has additional business training at ESADE business school and other business programs.Carles started developing his career in cancer research at CSIC in Barcelona (1985-89) and at Memorial Sloan-Kettering Cancer Center in New York (1990-1992).Carles has 15 years international experience in business development and licensing in the pharmaceutical industry. He held senior positions at the Barcelona pharmaceutical companies Almirall, SA (1992-2003, Manager and Head, Business Development and Licensing) and Lacer, SA (2005-2007, Director, Business Development and Licensing). Carles has also 4 years experience in biotech venture capital and business angels associations and has also been collaborating with government innovation agencies. Between 2004 and 2005 he was Director, Biotech Investments at the seed venture capital firm Barcelona Emprèn, SCRSA. During 2008-2009 he collaborated with agencies of the Government of Catalonia as Director, Technology Transfer and Valorization and as Managing Director, Investment and Enterprise Growth. He had under his responsibility the seed venture capital company Invertec, SA and the entrepreneurship finance programs Genesis Capital and Concept Capital. Since July 2009 he also advises Keiretsu Forum Barcelona in biotech investments.In 2009 Carles cofounded Ability Pharmaceuticals, SL to become its Chief Executive Officer in September 2009.

current job

Ability Pharmaceuticals
Ability Pharmaceuticals

organization founded

1

Carles Domènech

Employee Profiles
6
Carles Domènech

Carles Domènech

Executive Chairman and Chief Scientific Officer

Marc Cortal

Marc Cortal

Director, Clinical Research

José Alfón

José Alfón

Vice-President Research & Development.

Jordi Espadaler

Jordi Espadaler

Co-Founder

Vanessa Ruz

Vanessa Ruz

Head of Finance

Activity

Recent News
1