News: QUBIS Spin-Out Secures Landmark $1BN Pharma Deal, Placing Northern Ireland on Global Stage

Belfast company Re-Vana Therapeutics - a QUBIS spin-out - has signed a major collaboration deal with pharmaceutical leader Boehringer Ingelheim to develop cutting-edge treatments for eye disease, in a move that puts Northern Ireland at the forefront of global medical innovation.

The partnership between Re-Vana Therapeutics and Boehringer Ingelheim will support up to three new treatment projects every year and could be worth over $1 billion to Re-Vana Therapeutics if all targets are met. This is in addition to royalties. This could lead to new jobs and future investment in Northern Ireland, especially in the high-growth life sciences sectors.

“We’re proud that a local company like Re-Vana Therapeutics is leading the way in developing eye treatments that could change lives globally,” said Michael O’Rourke CEO of Re-Vana.

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RE-VANA THERAPEUTICS: A STANDOUT QUBIS SUCCESS STORY

Re-Vana Therapeutics is the latest in a growing list of QUBIS-backed ventures achieving global traction. But for QUBIS, this is more than just a milestone - it’s a flagship example of what the organisation was built to do: back bold ideas early, build strong founding teams, and connect them to global opportunity.  

“When Re-Vana was still just a concept, QUBIS was the first to believe - and the first cheque in,” said Brian McCaul, CEO at QUBIS. “We worked shoulder to shoulder with the founders, helped shape the business model, built the early team, and mobilised that crucial first round of investment. That groundwork helped Re-Vana become what it is today - a global player built on Northern Ireland innovation.”

Having recognised Re-Vana’s potential at an early stage, Brian McCaul worked closely with the academic team, Dr Raj Thakur and Professor David Jones, to help shape it’s commercial pathway. Supported by the wider QUBIS team, and with Michael O’Rourke taking on the leadership role, QUBIS provided hands-on input across key areas, including intellectual property, company formation, early governance, and early-stage cash support - ensuring the company was well-positioned for growth.

“The early involvement of Brian McCaul and the wider QUBIS team was critical to our success. Their leadership, investment, and strategic input provided the foundation on which we’ve built a global business.” said Michael O’Rourke CEO of Re-Vana.

Re-Vana now stands as one of Queen’s University Belfast’s flagship spin-outs - demonstrating the impact that academic research, when supported by dedicated commercialisation expertise, can have on the global stage. The success of the company highlights the continued value of the QUBIS model in advancing innovation, driving economic growth, and delivering societal benefit through research-led enterprise.

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