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Praxis Biotechnology Developing New Medication for Rosacea


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"On the final day, Praxis Biotechnology, Inc. was the only Capital District-based firm to earn funding. The medication it is developing will help combat against rosacea, a skin condition that afflicts more than 16 million Americans. Alejandro Adam, founder of Praxis Biotechnology, said the $50,000 will go towards patient testing."

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“It can lead, in many cases, to embarrassment, anxiety, and to depression. So it is not just a physical ailment, but a psychological problem,” Dr. Alejandro Adam, co-founder of Praxis Biotechnology. Frustrated with a lack of treatment options, Drs. Wladis and Adam created their own company to research solutions. It’s called Praxis Biotechnology, and it is based at Albany Medical College. “Our mission is to improve medical practice through scientific research,” said Dr. Adam. They’ve developed a topical medication targeting a specific protein that is found the skin of people with rosacea. “We’re providing a really specific knockout punch for rosacea that as opposed to targeting the immune system in general,” said Wladis.

STARTUP DEVELOPS POTENTIALLY GROUNDBREAKING ROSACEA MEDICATION
By Terry Stackhouse, Spectrum News

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