Microviable Therapeutics Closes 1.5 million Round Led by Inmunomet
Microviable Therapeutics emerged as a spin-off from Ipla-Csic in 2016, focused on the development of technologies and therapeutic products derived from the microbiota. Microviable Therapeutics will use the money to boost the development of its line of therapeutic products up to the clinical stage. The most advanced product, MVT-201, has been evaluated in preclinical phase with positive results.
Microviable Therapeutics raises capital to reach the clinical stage. The Asturian biotech in preclinical stage specialized in the development of oral drugs based on microbiota-derived products has increased capital by $1.6 million (€1.5 million), in a round led by the Madrid-based medical group Inmunomet, according to Claudio Hidalgo, CEO of Microviable Therapeutics.
Microviable Therapeutics will use the money to boost the development of its line of therapeutic products up to the clinical stage. The most advanced product, MVT-201, has been evaluated in preclinical phase with positive results and is a unique biologic based on whole gut microbiota for several indications.
Thanks to this investment, other therapeutic products will also be promoted, including the development of consortia of microorganisms customized for each disease. The resources obtained will consolidate the growth of Microviable Therapeutics, which already has international customers in more than fifteen countries for other products, in addition to an increase in its capabilities both in terms of facilities and equipment size.
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Microviable Therapeutics emerged as a spin-off from Ipla-Csic in 2016
“We were looking for a strategic partner that would provide synergies in the clinical setting and share our vision of the use of microbiota-derived biologics for the development of new treatments,” notes the executive.
Inmunomet is a medical company specializing in intestinal intolerances and dysbiosis, with experience in the clinical setting and in the expansion phase on a national scale. Intestinal dysbiosis is a constant imbalance of the intestinal flora. There are around one hundred million bacteria of more than 300 different species, which carry out different functions that are essential for the proper functioning of the organism.
For its part, Microviable Therapeutics emerged as a spin-off from Ipla-Csic in 2016, focused on the development of technologies and therapeutic products derived from the microbiota. The technological development, together with the extensive collection of bacterial cultures, has allowed the Spanish company to generate products for purified whole microbiota and customized microbial consortia for different diseases.
Hildago holds a PhD in Biology from the University of Oviedo, where he previously obtained a BSc in Biology and a MSc in Biotechnology. He developed his PhD in the field of probiotics and microbial genetics, carrying out numerous international stays in public and private research centers, including a four-year postdoctoral stay at North Carolina State University (Raleigh, USA).
Hidalgo is accompanied by Rafael Permuy, who is responsible for business development and is a founding partner of Healthsens, Neurostech, Criogene, and Asturhealth, and Noelia Martínez, head of research and development (R&D), who holds a degree in Biology and a PhD from the University of Oviedo.
(Featured image by TBIT via Pixabay)
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