Arjuna Therapeutics, looking for capital to grow. The Spanish company spun out of the University of Santiago de Compostela has opened a €1.2 million financing round to complete advanced clinical, toxicology, and industrial production models of its cancer technology.
The company is developing a novel family of cancer treatments that penetrate tumors, including the brain, and circumvent cancer resistance with minimal side effects. Arjuna Therapeutics focuses on the phenotype rather than genotype.
Ag5, Arjuna Therapeutics’ first drug, targets tumor cells that generate high levels of reactive oxygen species, a very large group that accounts for 25% of all cancers, including pancreatic cancer.
Read more about Arjuna Therapeutics and its latest treatment against cancer with our companion app. The Born2Invest application is a fast and easy way to check the latest business headlines. It gives users access to recent publications and stories, media and objective analysis, thematic sections and feeds.
The Spanish company is also developing a second drug, called Ag3
Arjuna Therapeutics’ technology makes it possible to obtain small clusters of atoms in industrial quantities. This type of molecule is difficult to replicate.
Arjuna Therapeutics is developing a second drug, called Ag3 Arjuna Therapeutics has applied for two patent families to date, protecting the therapeutic use of two specific TMC (Therapeutic Molecular Clusters) molecules in multiple medical conditions and the use of TMC alone or in combination for sensitization to radiotherapy.
The current round will enable Arjuna Therapeutics to carry out its developments and later open a new round of financing on an international scale. The round is expected to be attended by the Arjuna Therapeutics team, investors from its partner company Nanogap, which develops nanomaterials for different industries, as well as other investors.
The scientific work behind Arjuna Therapeutics was done in the lab of Professor Fernando Dominguez at the University of Santiago de Compostela and then developed by Nanogap. Ross Breckenridge was hired as CEO in 2019.
Arjuna Therapeutics will cover the round with the internal team, Nanogap partners, and other investors
Breckenridge holds a PhD in Molecular Cardiology from the University of Cambridge. The executive served on the board of directors of Reva Medical, a California-based medical device company, from 2013 to 2018. In 2016, Breckenridge moved to San Francisco to serve as CEO of biotech Silver Creek Pharmaceuticals.
The company’s board includes Spaniard Javier Rivela, who is the CEO of Pangaea Oncology. Rivela has more than ten years of investment banking experience and was co-head of the research team at ING European Small&Mid Cap. Also on the board is Tatiana Lopez, CEO of Nanogap.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in PlantaDoce, a third-party contributor translated and adapted the articles from the originals. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Recrowd, Real Estate Lending Platform, Finally Gets European Authorization
Recrowd adopts a distinct approach for less sophisticated investors, limiting their investments to under €1,000 or 5% of their net...
Why the Amounts Invested in Belgian Fintech Companies Decreased
In 2023, the Belgian fintech sector has not witnessed any major fundraising events similar to those in previous years, such...
Bitcoin Soars 130% This Year: Will It Reach New All-Time Highs in 2024?
Bitcoin is currently trading within an ascending channel, maintaining support at $35,000, with an upward trajectory towards the psychological resistance...
ALA Diagnostics Opens a New Laboratory in Madrid After Joining BeAble Capital
ALA Diagnostics secured €1.1 million in a financing round in June, supporting its activities in the general laboratory, including Elisa...
Germany Has Finally Legalized Cannabis
Cannabis prohibition in Germany will end on March 1st, and the cultivation ban will follow later. Meanwhile, a field trial...
Crypto1 week ago
Binance: $4 Billion Fine to End US Legal Problems?
Biotech2 days ago
Laboratorios Rubió Increases Sales by 40% in 2022 and Exceeds €100 million
Biotech2 weeks ago
Almirall Joins Forces with Absci to Develop New Treatments with Artificial Intelligence
Africa1 week ago
Souss-Massa: an SDR Dedicated to Agricultural Innovation