Alchemia Company Profile

05:46 EDT 25th June 2018 | BioPortfolio

Alchemia was established in Australia in 1995 by three scientists, Professor Peter Andrews, Dr Tracie Ramsdale and Professor Istvan Toth, who joined forces to take on the formidable challenge of unlocking the therapeutic potential of carbohydrates - one of the last remaining groups of biological macromolecules with significant untapped potential. In early 1998 it established its research laboratories in Brisbane, Australia. The Company has raised $26 million from a number of specialised biotechnology investors between 1998 and 2003, and has also received strong support from the Australian Federal Government through receipt of $7 million to date, from the Federal Government's R&D START Program. In December 2000, Alchemia entered into a strategic manufacturing alliance with The Dow Chemical Company, the largest global chemical manufacturer, to jointly develop commercial processes for the manufacture of carbohydrates of high therapeutic value. In October 2003, Alchemia entered into a partnership with American Pharmaceutical Partners, a US specialty pharmaceutical company, to bring to market the first product of the Alchemia-Dow alliance, a generic version of the first branded synthetic heparin product, Arixtra®. The anticipated market launch of this product is 2008. Alchemia has developed a proprietary drug discovery platform, VAST™, from which it is investigating several key anti-angiogenic compounds with the aim of developing therapeutics to meet significant unmet medical need. Alchemia's first drug candidate, an anti-cancer agent, is due to commence human clinical trials at the start of 2006. Alchemia (ASX:ACL) listed on the Australian Stock Exchange, in December 2003, raising $21 million and completed a level 1 NASDAQ registration in November 2004.


PO Box 6947
San Rafael
United States of America


Phone: 1-415-492-3392
Fax: 1-415-492-3392

News Articles [2 Associated News Articles listed on BioPortfolio]

Alchemia: Drug Discovery with a Difference

In this exclusive interview, Fintan Walton talks to Pete Smith, CEO of Alchemia, about the origins of the company in carbohydrate chemistry, and how these origins led to a unique position in the manuf...

Alchemia Ltd ACL Pharmaceuticals Healthcare Deals and Alliances Profile [Report Updated: 15022018] Prices from USD $250

SummaryAlchemia Ltd Alchemia is a biopharmaceutical company that focuses on the discovery and development of drugs for the treatment of cancer and respiratory disorders. It sold the worldwide exclusiv...

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Companies [4 Associated Companies listed on BioPortfolio]


Alchemia was established in Australia in 1995 by three scientists, Professor Peter Andrews, Dr Tracie Ramsdale and Professor Istvan Toth, who joined forces to take on the formidable challenge of unloc...

Alchemie Limited

Alchemia has become internationally recognised for its unique platform technology for the production of complex sugar-based molecules called oligosaccharides.Oligosaccharides play pivotal roles in man...

Implicit Bioscience

Implicit Bioscience Pty Ltd is an immunology-focused drug development company headquartered in Brisbane, Australia; Implicit's US subsidiary, Implicit Bioscience, Inc., is located on the San Francisco...

Alchemia Limited

The Company’s lead program is fondaparinux (a generic version of GlaxoSmithKline’s Arixtra®, a synthetic anticoagulant mainly used for the prevention of deep vein thr...

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