History


PAION was formed in 2000 in Aachen. Since its inception, the founders, Mariola Söhngen, MD and Wolfgang Söhngen, MD focused on the clinical development of CNS compounds.

 

PAION took over the development of Remimazolam as a pre-IND candidate in 2008 and has successfully developed it to a Phase III compound. Following successful funding activities (EUR 61 million) in 2014, a Phase III program has been initiated in 2015 EU and US global registration.

 

Until 2008, PAION’s focus was on stroke with Desmoteplase for which all remaining rights were sold to Lundbeck in 2012 in order to accelerate the development of Remimazolam. 

 

2017

  • Completion of the remimazolam Phase III development program in the U.S. in procedural sedation

2016

  • Cosmo becomes partner for Remimazolam in the U.S.
  • Completion of U.S. Phase III colonoscopy trial

2015

  • Start of the Remimazolam Phase III programms in procedural sedation in the U.S. and general anesthesia in the EU

2014

  • Capital measures of EUR 61 million secured for Remimazolam Phase III programs 
  • PAION, Inc. founded in the U.S.

2013

  • Japanese Phase III program with Remimazolam successfully completed
  • Several license agreements with national champions in the anesthesia space (“String of pearls” strategy)

2012

  • The sale of all Desmoteplase rights to Lundbeck (EUR 20 million) allows PAION to accelerate the development of Remimazolam

2010

  • PAION completes Phase II program in procedural sedation in the U.S. 

2008

  • PAION acquires CeNeS Pharmaceuticals plc with the candidate compounds Remimazolam, M6G, GGF2

2007

  • First Desmoteplase Phase III trial (DIAS 2) fails to meet primary endpoint, PAION identifies suitable patient population and successfully expands partnership with Lundbeck

2005

  • PAION AG initial public offering and license agreement for Desmoteplase with Lundbeck

2004

  • PAION closes agreement with Forest Inc. for Desmoteplase in the North American markets 

2003

  • PAION closes third funding round of EUR 8.4 million upon successful completion of Desmoteplase Phase II trial (DIAS 2)

2001

  • Start of Desmoteplase Phase II trial in ischemic stroke (DIAS)

2000

  • PAION is founded (Founders: Dr. W. Söhngen, Dr. M. Söhngen)
  • Desmoteplase in-licensed from Schering AG
  • First financing round of EUR 28.6 million