ISRAEL 
HIGH-TECH & INVESTMENT REPORT

from the June 2003 issue


Getting Under the Skin

IHTIR is Introduced to a Novel Way to Deliver Drugs

Transdermal drug patches offer the advantages of ease of use, painlessness, disposability, control of drug delivery and avoidance of first-pass metabolism by the liver. However, current transdermal patch designs are not capable of transporting large molecular drugs through the skin barrier, especially peptides and proteins, which include many drugs that are marketed, or will emerge, from the biotechnology industry. As a result, a variety of approaches are being investigated by companies for enhancing transdermal drug delivery. They include the use of iontophoresis, ultrasound (sonophoresis), electroporation, heat and microneedles. One product in the offing is for the delivery of nitroglycerine for angina pectoris.

TransPharma Medical Ltd. (Yehud, Israel) is headed by its founder Dr. Daphna Hefetz. It employs microscopic passageways for the controlled transdermal delivery of macromolecules. Radiofrequency energy is used to ablate the outer layer of skin, thereby creating microchannels of precise dimensions, called RFMicroChannels, that enable the controlled passage, of small and large molecules through the skin, via an applied adhesive patch. The initial product to be developed, ViaDerm, is a two-stage system consisting of a reusable handheld device, that incorporates a disposable microelectrode array that transmits RE energy, and a patch containing the drug that is applied after creating the microchannels. Its safety has been demonstrated in a human trial for single and repeat applications. Though founded less than three years ago, TransPharma, early in its history, obtained patent protection. The company has completed safety trials, as well as first stage live animal trials. Reportedly, the company is in the stages of receiving United States Food and Drug Administration (FDA) approval to market its products in the U.S.

Two Rounds of Financing
In July 2001 TransPharma raised $6.5 million from Biomedical Investments, Pitango Venture Capital and Discount Capital Markets and Investments. A second round followed in April 2003 when it secured $8 million in venture funding in a round led by Evergreen.

Dr. Hefetz obtained her Ph.D in biochemistry from the Weizmann Institute in 1991 and continued to a postdoctoral fellowship in molecular biology. Prior to founding TransPharma, Dr. Hefetz headed Savyon Diagnostics.



Reprinted from the Israel High-Tech & Investment Report June 2003

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