Forbes Medi-Tech Company Profile

23:07 EST 24th November 2017 | BioPortfolio

Forbes seeks to be a leader in delivering scientifically proven health benefits to consumers through innovative products derived from nature. The Company believes that consumers are increasingly looking to the prevention of illness as much as to its cure. The Company's strategy is to leverage its core technologies through strategic partnerships and business associations to deliver functional food and pharmaceutical products focused on the prevention and treatment of disease.

Forbes currently focuses its product development efforts on plant sterols derived from pulping and agricultural by-products. Plant Sterols have long been known for their cholesterol-lowering properties. Forbes believes it has made important technological advances in these areas and offers significant commercial opportunities in three distinct markets:

Functional Foods: Phytrol™ is a cholesterol-lowering ingredient for use in functional foods and, potentially, in dietary supplements and over-the-counter products.

Prescription Pharmaceuticals: Forbes is developing FM-VP4, a prescription therapeutic, for the prevention and treatment of cardiovascular disease through the reduction of cholesterol and, potentially, atherosclerotic plaque.

Pharmaceutical Steroids: Forbes has developed technology to produce steroid intermediates Androstenedione (AD) and Androstadienedione (ADD) which are used in the manufacture of various steroid-based pharmaceutical products such as birth control pills and anti-inflammatories.

Forbes is pursuing a common strategy in each of these areas:

Competitive advantage through technology: Proprietary technologies provide Forbes with product or process advantages over existing competition.

Targeting significant markets: Forbes focuses the development of its technology within markets that offer significant potential. Each of its three target markets currently represents a multi-billion dollar global market.

Commercialization through strategic partnerships and business associations: The Company believes that leveraging its technology through strategic partnerships and business associations will accelerate commercialization and maximize the chances of success. Forbes Has a Joint venture with Chusei (USA) Inc. of Pasadena, Texas to form Phyto-Source LP, a Texas Limited Partnership. Through this joint venture, Forbes and Chusei are building one of the worlds largest dedicated wood sterol manufacturing plants with and annuall capacity of 1,000 metric tonnes. Forbes also has entered into a Manufacturing Agreement with FERMIC, S.A. DE C.V. in Mexico City to produce fine chemical intermediates Androstenedione (AD) and Androstadienedione (ADD) on the Company's behalf for sale in international markets.


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Effects of ICOS+ T cell depletion via afucosylated monoclonal antibody MEDI-570 on pregnant cynomolgus monkeys and the developing offspring.

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