Verve Ventures’ Post

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Our portfolio company, Memo Therapeutics AG announced today it has successfully raised CHF 20 million as part of an extension of its Series C financing, bringing the total amount raised in the funding round to CHF 45 million. New investors Ysios Capital and Kurma Partners participated in the extension round, joining existing Series C round investors including Verve Ventures, Pureos Bioventures, Swisscanto, Vesalius Biocapital, Adjuvant Capital, Schroders Capital, GF Group, Fresenius Medical Care Ventures and redalpine. The new funding will be used to bolster the clinical advancement of MTx’s lead asset, AntiBKV, expanding the Phase II trial with a dose evaluation extension to be the largest BK viremia therapeutic study ever conducted in kidney transplant recipients. Initial data from the Phase II trial is expected in the first half of 2025. The funding will further support the development of MTx’s pipeline by leveraging its B-cell screening platform to select best-in-class humanized antibodies in other viral infections and oncology. Read the full press release: https://lnkd.in/eireTwgu #health #antibkv #biotech #antibodydiscovery #infectiousdiseases #drugdiscovery #innovation #venturecapital #fundingnews

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Adrien T.

✨Happiness Recruiter Officer✨🎯Talent Acquisition Specialist 🎯👉 Connecting Talents 🎓and👩⚕️future Leaders👨⚕️in the Biopharma Industry👩🔬🧬🏥💊👨🔬 | Enthusiast Private Investor 🖊️📜 | Venture Capitalist 📊

4mo

Congrats team Memo Therapeutics AG !

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