Kimer Med, a New Zealand-based biotech start-up, announced it has signed a contract valued at up to USD$750,000 with Battelle, the world’s largest independent, nonprofit research and development organisation.
- 12 month contract focused on the development of new antiviral drugs
- Novel candidates to be produced using Kimer Med’s broad-spectrum antiviral platform
- 95% of viral diseases lack an approved antiviral treatment
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NELSON, New Zealand, March 7, 2024 /PRNewswire/ -- Kimer Med, a New Zealand-based biotech start-up, today announced it has signed a contract valued at up to USD$750,000 (NZD$1.3 million) with Battelle, the world’s largest independent, nonprofit research and development organisation.
The 12 month contract is funded by the United States government through the Defense Threat Reduction Agency (DTRA), and will fall into Battelle’s Accelerated Therapeutics for Combating Acute Viral Epidemics programme. The contract is focused on the discovery and development of new antiviral drug candidates for the treatment of alphaviruses.
Spread mostly by infected ticks and mosquitoes, alphaviruses cause significant human and animal disease. Infections that result in encephalitis - inflammation and swelling of the brain - are often fatal and can cause ongoing neurological problems.
There is currently no effective antiviral treatment for alphavirus infection.
“Approved antiviral drugs are currently available for only 11 out of more than 200 viruses that cause widespread sickness, suffering and death in humans,” said Kimer Med’s CEO, Rick Kiessig.
“Our mission is to change that. We’re developing a family of broad-spectrum antivirals capable of treating many of these infections.”
“This contract is an important milestone for Kimer Med, as it provides another opportunity to prove the capability of our platform for rapid, broad-spectrum antiviral development,” said Kiessig.
Since the company’s launch in 2020, Kimer Med has developed antivirals that have shown in vitro efficacy against 11 different viruses, including the priority viruses Dengue (all four serotypes) and Zika.
Their technology holds significant promise to deliver vital broad-spectrum antiviral treatments with a range of applications, including:
- Infectious diseases: Half the world’s population is at risk from mosquito-borne viral infections for which there are no antiviral treatments available.
- Pandemic protection: Vaccines will not be ready and waiting when the next pandemic occurs, but broad-spectrum antivirals can be stockpiled for early protection.
- Military use: Broad-spectrum medical countermeasures to protect military personnel against a range of existing and emerging viral threats.
- Healthcare and First Responders: Vital protection for frontline health workers and other first responders in the event of viral outbreaks, especially when the pathogen is unknown.
“With broad-spectrum antivirals, we have within our grasp the potential to revolutionise the treatment and prevention of viral infections in the way that penicillin did for bacterial infections. We’re looking forward to working with such a highly-regarded and well-resourced organisation as Battelle to advance antiviral drug candidates that will be able to treat these alphaviruses, and hopefully a range of other viruses as well,” said Kiessig.
About Battelle
Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.
About Kimer Med
Founded by Rick Kiessig and Phil Oliver in 2020, Kimer Med is a biotech start-up, based in Nelson, New Zealand. Backed by a multi-million dollar seed funding round, the company has designed a platform for the rapid development of novel, broad-spectrum antivirals. Kimer Med launched a Series A capital raise in September 2023 to progress development of their lead antiviral candidate through to Phase 1 clinical trials. For more information, visit www.kimermed.co.nz.
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SOURCE KIMER MED LIMITED
