A novel nanomedicine initiative, Project Phoenix, has been funded by the EU’s Horizon2020 Framework Programme, which comprises 11 project partners from academia and industry within Europe: nanomedicine HorizonEU
Project Phoenix is based on advancing nanopharmaceuticals with the aim to create an ‘Open Innovation Test Bed’ for this novel area of nanomedicine. It is coordinated by the Luxembourg Institute of Science and Technology .
The use of nanoparticles within drug delivery systems can have many benefits due to their nanoscale size, which can enable enhanced interaction with biological systems and lead to higher targeting of tissues. Additionally, the enhanced permeability and retention effect of nanoparticles can enable passive targeting as well as an accumulation of the drug into cancerous target areas.
Additionally, the support of this project by MyBiotech consists of scientific coordination through Dr. Nazende Günday-Türeli to bring success to this collaborative innovation. The project started in March 2021 with a duration of 48 months and a budget of €14.450 million, as well as an EU contribution request of €11.1 million.
Additionally, “the role of INMA and ICMAB is to generate new services, open to the public, to characterize nano-pharmaceuticals in order to ensure their quality” commented Nora Ventosa, an ICMAB-CSIC researcher. With the same goal in mind, Project Phoenix may be more effective for the advancement of the nanomedicine field as a whole, ensuring that safe patient care is being prioritized.
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