Geneva-based Immitra Bio has secured an upsized CHF 2.4 million pre-seed financing round to accelerate the development of its scalable in-vivo gene editing platform and lead therapeutic candidate, IB-003, a potential one-time curative treatment for an inherited anemia.
The biotech startup Immitra Bio, a Venture Kick and Venture Leaders alumnus, has secured CHF 2.4 million in pre-seed funding to advance its scalable in-vivo gene editing technology and lead candidate, IB-003. The round includes CHF 2.25 million from venture capital firms and private investors, complemented by CHF 150,000 in non-dilutive funding. Backbone Ventures led the financing and was co-led by OCCIDENT, with participation from Another VC, Kickfund, Venture Kick, Zürcher Kantonalbank, FONGIT, ETH Foundation, and private investors.
Immitra Bio GmbH: A platform for scalable in-vivo gene editing therapies
Currently approved and clinical blood stem cell therapies rely on editing cells outside the body (ex-vivo). This involves extracting stem cells from the patient, editing them individually at specializ... Read more