New biotech firm exploits DTU's world leading microfungal library  

2007.01.03
MycoTeq, a biotech spin off from the Technical University of Denmark, aims to become a leading supplier of new chemical compounds developed from microfungi
MycoTeq, a new biotech spin off from the Center for Microbial Biotechnology at the Technical University of Denmark (DTU), aims to become a leading supplier of new chemical compounds developed from microfungi. MycoTeq's founders see significant potential for finding and developing compounds based on what is thought to be the world's largest microfungal library at DTU, to which MycoTeq has access.
 
Henrik Blou, managing director of MycoTeq says: "Our plan is to develop the individual projects to clinical phase and then sell them to a pharmaceutical company or continue development with a partner". MycoTeq has one compound in development for the treatment of elevated serum cholesterol.
 
The DTU collection of fungi contains more than 30,000 different strains, classified according to their secondary metabolites and their morphology. The collection is reckoned to be the best classified in the world, and the largest in certain genera (Aspergillus and Penicillium). The news was reported by financial daily newspaper Børsen.
 
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