Company intelligence / Profile preview

Telesta Therapeutics Inc.

Montreal, Quebec, Canadatelestatherapeutics.com ↗

Ownership: Private
Development stage: Other

Overview

Telesta’s anchor product MCNA completed Phase III trials for non-muscle invasive bladder cancer but failed to secure FDA approval in early 2016. Following this setback and subsequent staff reductions and asset sales, the company was acquired by ProMetic Life Sciences later that year[1][5].

Therapeutic areas: Oncology
Modalities: Biologics (notably MCNA, a biologic therapy)
Industry: Biotech

Partnerships

Ipsen licensed rights to MCNA from Telesta prior to acquisition[8].

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