Healthy start for herb cure company
Sunday 24 March 1996
Phytopharm (from phyto, Latin for plant) makes medicines from plants and herbs. Its main product at present is Zemaphyte, a treatment for severe eczema.
The company was launched by Dr Geoffrey Guy, chairman of drugs delivery firm Ethical Holdings, in 1990. Among otherpromising products is P30, based on an African herb for the treatment of diabetes, which is currently in pre-clinical trials.
Robin Gilbert, drugs analyst at stockbrokers Panmure Gordon, said: "The commercial prospects of Zemaphyte and its derivatives are very promising ... the company should have an exciting future."
The emphasis on natural medicine is in contrast to the recent biotech boom. Dr Richard Dixey, chief executive, uses the word "herbaceutical" to describe Phytopharm's approach.
Phytopharm does not isolate the active compound in remedies but repackages them - usually as tablets - and tests for their efficacy. "We take remedies where there is already strong evidence they can work," said Dr Dixey. Biotech companies instead try to develop compounds from scratch and most fall by the wayside.
Herbal remedies can have side-effects. The National Eczema Society expressed concern after a 28-year-old woman died from liver failure after taking a Chinese therapy not marketed by Phytopharm.
- 1 Double chins could be 'cured' without surgery or dieting using new injection
- 2 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 3 Dog thinks owner is drowning in lake, dives in and tries to pull him out
- 5 Thank heavens for Louise Mensch and her foul-mouthed tweets to world leaders
Scientists discover way to unboil an egg – and the results are not as pointless as that sounds
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Greece elections: Greek PM Alexis Tsipras takes aim at 'neo-liberal' Europe as country gears up for prolonged austerity battle
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
iJobs Money & Business
£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...
£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...
£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...
£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...