Paramount Capital, Inc., has been founded by Lindsay A. Rosenwald, M.D., in 1991. More than forty starts up companies, including Bradley Pharmaceuticals, Inc., ''Cougar Biotechnology'', Cypress Bioscience, Inc., Genta, Inc, ''INNOVIVE Pharmaceuticals'',''Novadel Pharma'', ''ZIOPHARM Oncology'', ''Tikvah Therapeutics, Inc.'', ''VioQuest Pharmaceuticals'', ''Bionovo Inc.'', and many others have been created over the past 19 years.
Since its establishment, Paramount Capital and its divisions have been involved in the clinical development of more than 50 drug candidates, among which some have reached the market (including Arsenic Trioxide, leukemia drug that progressed from IND to NDA in 30 months, which is considered to be one of the fastest regulatory approval in FDA history; milnacipran for fibromyalgia syndrome licensed from ''Pierre Fabre Medicament''; Sulodexide (KRX-101) for diabetic nephropathy licensed into ''Keryx Biopharmaceuticals, Inc.''; CH-1504 (MobileTrex) for rheumatoid arthritis licensed from University of South Alabama College Of Medicine by ''Chelsea Therapeutics''. More than 30 compounds still undergo clinical development today.
Adapted from the Wikipedia article Paramount Capital, under the G. N. U. Free Documentation License. Please also see http://en.wikipedia.org/wiki
Paramount Capital – Background
Paramount Capital, Inc., has been founded by Lindsay A. Rosenwald, M.D., in 1991. More than forty starts up companies, including Bradley Pharmaceuticals, Inc., ''Cougar Biotechnology'', Cypress Bioscience, Inc.
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