While announcing the expansion to Novum Labs, Circio added that the data suggested circVec’s clear and significant advantages in tissue-specific AAV gene therapy and DNA-format in-vivo cell therapy, making novel laboratory space necessary (1).
Europe remains an attractive destination
“This brand-new state-of-the-art laboratory and office space at Novum Labs will substantially expand our footprint and provide an excellent platform for future growth,” Circio Chief Operating Officer Ola Melin said in the release (1). “The new link to the Flemingsberg Life Science Cluster and close connection to the Karolinska institute provides access to high-quality infrastructure, equipment, and competencies.”
“Adding the Circio team to the Life Science Cluster Flemingsberg will be another important milestone for our rapidly expanding R&D hub,” said Pernilla Boström, COO of Flemingsberg Science Foundation, in the release (1). “We are convinced that Novum Labs will provide a great base for Circio for years to come, and that the partnership will create substantial mutual benefit to support the growth of both organizations.”
As part of Pharmaceutical Technology® Group’s ongoing “Industry Outlook” series for 2025, Circio CEO Erik Wiklund contrasted expansion efforts by smaller biotechnology companies in the United States versus other parts of the world (4).
“Salaries are high and I think that, to a certain degree, is starting to make European or other companies look elsewhere for development opportunities,” Wiklund said (4). “It's become cheaper by comparison to develop drugs in Europe, Asia, and Australia, and I think maybe if that trend continues with a strong US economy and increasing prices, then you may see that kind of European, eastwards-oriented trend continuing.”
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References
1. Circio. Circio Expanding its R&D Operations in Stockholm to Accelerate circVec Development. Press Release. July 7, 2025.
2. Entos Pharmaceuticals. Entos & Circio Collaborate on In-Vivo PLV-circVec Delivery. Press Release. April 3, 2025.
3. Circio. Circio to Present Strengthened circVec Circular RNA Gene Therapy Data at ASGCT 2025. Press Release. May 6, 2025.
4. Thomas, F. and Haigney, S. Industry Outlook 2025: Talent Up for Grabs. BioPharmInternational.com, April 16, 2025.