Fibrotech developed a chemical compound that could effectively reduce scar tissue as a potential treatment for fibrosis. At these early days of biotech growth within Australia, support for Fibrotech was sparse despite there being clinical demand in the space where the global estimate value was $5b. 2. See more Prevalence of kidney disease, and thereby fibrosis, continues to increase as the population ages, with treatment costing approximately US$1b of annual healthcare expenditure in Australia alone. Fibrotech developed a … See more In a University of Melbourne lab, an idea to treat kidney disease sufferers and potentially prevent fibrosis or scar-tissue was born. Prof. Darren Kelly and his team at the university were … See more Fibrotech generated a groundswell of interest in the potential of university research, while the Australian economy improved following the Shire deal. University … See more In 2007, support mechanisms were thin. Ann Hamer, COO, and Kelly relied on the networks of UniSeed and the MRCF to progress the drug, … See more

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Fibrotech acquired by Shire for US$75M plus milestones

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