CALPAIN GETS GONG AT ENTERPRIZE AWARDS

Written on the 14 October 2011

CALPAIN GETS GONG AT ENTERPRIZE AWARDS

CALPAIN Therapeutics has won the University of Queensland’s business school $100,000 Enterprize competition for commercialising a world-first drug to delay the formation and growth of cataracts.

Calpain Therapeutics co-founders Dr Tim Lovell and professor Andrew Abell with team member Dr Victoria Kopetz, accepted the winner’s cheque last night after giving an uplifting presentation to Enterprize judges at Pitch Day in the Brisbane Powerhouse.

Dr Lovell says the Adelaide-based Calpain Therapeutics team was especially thrilled to win on the October 13 World Sight Day.

“The $100,000 Enterprize money will enable us to complete key human lens experiments, the next step before clinical trials. We will be able to start those very soon and complete them in three to six months,” he says.

“Going through the Enterprize competition judging process has also been invaluable for us. It forced us to focus on and refine our business plan to hone an engaging, informative business pitch to put to investors.”

Dr Lovell says the Calpain Therapeutics drug could be either drops or a cream ‘that you put in your eyes each night before you go to sleep’.

“Through a routine eye examination, optometrists and ophthalmologists can see the early stages of a cataract forming. Once it’s detected, then you could start to use the drug to slow its progress,” he says.

“Because we know that if you have a cataract in one eye you will most likely get one in the other eye, you could start to apply the drug to both eyes, delaying the onset of a cataract in one while slowing the growth of the cataract that has been diagnosed.

“We see it as akin to brushing your teeth each day. You do that to prevent cavities. This would be a drop each day to prevent cataracts.”

Academic dean and head of UQ Business School Iain Watson congratulated the Calpain Therapeutics team on winning.

“Calpain Therapeutics is pioneering a novel drug with application to the eye health of people around the world,’’ he says.

“The proposition of the drug is to significantly slow down cataracts on their path to causing blindness.

“With severe cataracts the leading cause of blindness around the world, the Business School is proud to support such a visionary innovation.”

Calpain Therapeutics’ drug targets a protein in the eye’s tissue. This protein, when activated by various triggers, causes the cataract clouding of the eye’s lens.

Although most cataracts develop as people get older, they can also be caused by diabetes, eye injury, exposure to ultraviolet sun light, long-term use of steroid medication, smoking and heavy drinking.

Currently, the only treatment for severe cataracts is to have the cloudy lens surgically removed and replaced with a synthetic replacement. More than 200,000 cataract surgeries are performed in Australia each year and there are often long waiting lists in public hospitals for the procedure.

The International Agency for the Prevention of Blindness estimates that almost 18 million people are blind from cataracts. Many of those are in the world’s poorer regions.


Latest News

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

TREASURY WINES UNCORKS SWEET $269M PROFIT DESPITE INVENTORY WOES

REVEALING the fruits of its past year of labour, Treasury Wine Estates (ASX: TWE) has posted a 55 per cent increas...

TATTS GROUP POSTS PROFIT AND REVENUE DROP ON FEWER JACKPOTS AND BAD WEATHER FOR RACING

TATTS Group (ASX: TTS) has posted a full year net profit loss of 5.7 percent and a revenue decline of 8.4 per cent as...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter