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Financing › Details
BiomX–BPCE: investment, 201902 financing round Series B totalling $32m incl existing + co-lead investor Seventure Health for Life Capital fund
Period | 2019-02-20 | |
Predecessor | BiomX–BPCE: investment, 201705 financing round Series A totalling $24m incl co-investor Seventure Partners | |
Money taker | BiomX Ltd. | |
Group | BiomX (Group) | |
Money source | Health for Life Capital fund (HFL) | |
Group | BPCE (Group) | |
Product | phage therapy | |
Product 2 | venture capital | |
Index term | BiomX–SEVERAL: investment, 201902 financing round Series B $32m led by existing investors OrbiMed + JJDC + Takeda Ventures et al | |
BiomX Ltd.. (2/20/19). "Press Release: BiomX Raises $32 Million in Series B Financing. Proceeds Will Be Used Primarily to Advance Leading IBD and Acne Programs to the Clinic". Ness Ziona.
BiomX Ltd., a microbiome company developing customized phage therapies, today announced the closing of a $32 million series B equity financing. The financing was led by existing investors OrbiMed, Johnson & Johnson Innovation – JJDC, Inc., Takeda Ventures, Inc., 8VC, MiraeAsset, Seventure Partners’ Health for Life Capital I, SBI Japan-Israel Innovation Fund and additional European investors and included new investors led by RM Global Partners (RMGP) BioPharma Investment Fund, with participation from Chong Kun Dang Pharmaceutical Corp., Handok, Inc., KB Investment Co., Ltd. and Consensus Business Group. Proceeds from the financing will be used primarily to advance the Company’s leading drug candidates for the treatment of acne and Inflammatory Bowel Disease (IBD) to the clinic.
“We greatly appreciate the continued support of our existing investors as well as their guidance and assistance and are excited to welcome the new group of investors, led by RM Global Partners,” said Jonathan Solomon, CEO of BiomX. “The new funding will enable us to transition BiomX to a clinical stage company as our lead programs in acne and IBD, both novel phage therapeutics targeting harmful bacteria in the microbiome, enter the clinic. The acne program is expected to begin clinical trials by year-end, followed by our IBD program next year. In addition, we will continue to drive our liver disease and colorectal cancer programs forward by identifying key bacteria driving these diseases and developing unique phage cocktails against them.”
In conjunction with the investment, Yaron Breski, Managing Director at RM Global Partners, and Eric de la Fortelle, Ph.D., MBA, Venture Partner at Seventure Partners, join BiomX’s Board of Directors.
“Both phage therapeutics and the microbiome are receiving increased attention and enthusiasm, and BiomX is at the forefront of both fields,” said Rob Woodman, Ph.D., Senior Partner at Takeda Ventures, Inc. “We are very excited to continue our support and involvement as BiomX brings its breakthrough science and research into the clinic.”
About BiomX:
BiomX is a microbiome drug discovery company developing customized phage therapies that target and destroy harmful bacteria in chronic diseases such as inflammatory bowel disease (IBD) and cancer. We discover and validate proprietary bacterial targets and customize our natural and engineered phage compositions against these targets. www.biomx.com
Media contact
MacDougall
Shai Biran, Ph.D.
Direct: +1 781 235 3060
sbiran@macbiocom.com
Record changed: 2019-03-14 |
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More documents for BiomX (Group)
- [1] BiomX Inc.. (9/2/20). "Press Release: BiomX Enters Collaboration with Boehringer Ingelheim with the Goal of Discovering Microbiome-Based Biomarkers for Inflammatory Bowel Disease". Ness Ziona....
- [2] BiomX Ltd.. (10/28/19). "Press Release: Chardan Healthcare Acquisition Corp. Completes Merger with BiomX Ltd.". New York, NY & Ness Ziona....
- [3] BiomX Ltd.. (10/23/19). "Press Release: Chardan Healthcare Acquisition Corp. Shareholders Approve Definitive Merger Agreement with BiomX Ltd.". New York, NY & Ness Ziona....
- [4] BiomX Ltd.. (10/15/19). "Press Release: BiomX Appoints Merav Bassan as Chief Development Officer". Ness Ziona....
- [5] BiomX Ltd.. (10/14/19). "Press Release: Chardan Healthcare Acquisition Corp. Announces Amendment to Merger Agreement with BiomX Ltd.". New York, NY & Ness Ziona....
- [6] BiomX Ltd.. (7/17/19). "Press Release: Chardan Healthcare Acquisition Corp. Announces Merger Agreement with BiomX Ltd.". New York, NY & Ness Ziona....
- [7] BiomX Ltd.. (2/20/19). "Press Release: BiomX Raises $32 Million in Series B Financing. Proceeds Will Be Used Primarily to Advance Leading IBD and Acne Programs to the Clinic". Ness Ziona....
- [8] BiomX Ltd.. (12/12/18). "Press Release: BiomX Enters Collaboration with Johnson & Johnson Innovation for Discovery of Microbiome-based Biomarkers for IBD". Ness Ziona....
- [9] BiomX Ltd.. (12/11/18). "Press Release: BiomX Appoints Sailaja Puttagunta as Chief Medical Officer. BiomX Setting Up Operations to Enter the Clinic in IBD and Additional Indications". Ness Ziona....
- [10] BiomX Ltd.. (1/29/18). "Press Release: BiomX Licenses Novel Bacterial Targets for the Treatment of IBD". Ness Ziona....
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