Biotech
Prospera Biotech Captures €500,000 and Forecasts Revenue of €300,000 in 2023
With this round, the company also plans to consolidate itself in the Spanish market with its portfolio of products, to later go international through the European Union (EU) and in three or four years go to North America, Latin America, or Asia. For this new leap, the company plans another round of financing that it would also allocate to a pilot study at the Elche Hospital.
Prospera Biotech gains strength. The pharmaceutical company, which develops neuro dermatological treatments, opened a financing round in March with which it seeks to raise €600,000 and from which it has already raised half a million euros, according to the general director of Prospera Biotech, María García Escolano.
Prospera Biotech, founded in 2019, is a spin-off of the Elche Institute for Research, Development, and Innovation in Health Biotechnology (Ibide), of Miguel Hernández University. The company develops dermatological products and researches treatments in this area.
Last year, the company billed around €150,000 and for this year it plans to double sales. The general director of the company, María García Escolano, highlights that “despite the fact that equilibrium has not yet been reached, the company expects to achieve it by 2024.”
The new round of financing, created through the Capital Cell platform, aims to develop a multicenter clinical study involving between 120 and 150 people and to commercialize the product. The trial includes fourteen Spanish hospitals distributed among the Valencian Community, Madrid, Catalonia, Aragon, and Castilla-La Mancha, among others, as well as a hospital in Brussels.
Read more about Prospera Biotech and find the most important financial news of the day with the Born2Invest mobile app.
Prospera Biotech plans to open a new round of financing with which to internationalize
The company is developing a drug, Oncapsisens, which is a moisturizing cream for the care of sensitive skin focused on patients undergoing cancer treatment. In a first pilot test carried out by the company, in which some thirty patients participated and 27 completed it, the result was that 80% of patients reduced discomfort.
With this round, the company also plans to consolidate itself in the Spanish market with its portfolio of products, to later go international through the European Union (EU) and in three or four years go to North America, Latin America, or Asia.
For this new leap, the company plans another round of financing that it would also allocate to a pilot study at the Elche Hospital. The trial would include a cream derived from Oncapsisens, for the relief of aches and pains in patients with brain tumors receiving radiation therapy.
Prospera Biotech has a patented drug to treat excessive sweating and is working on products for atopic skin and care for the intimate area
The company is made up of three departments: the scientific committee, which works with the Miguel Hernández University, the commercial department, and the third department made up of the general director and business development.
Although the company’s next step is to launch the multicenter study, they are also working on the development of a care product for the female intimate area, products for atopic skin, and a product for excessive sweating, the latter being a drug already patented under the name Ecrisens.
The CEO added that “we have another series of research lines for dialysis treatments, care for the intimate anal area, care for sensitive skin with diabetes, all of them in different stages of development.”
__
(Featured image by Mathieu Stern via Unsplash)
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 article from the original. 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.
-
Crypto1 week ago
Ripple Custody: How the XRP Company Wants to Offer Services for Banks
-
Fintech3 days ago
Global66 Reports Payments to Freelancers of Over $8 Million on Its Platform
-
Fintech1 week ago
Fintech Company Sonect Wants to Supply Europe with Cash
-
Biotech2 weeks ago
Vytrus Biotech Reports Its Best Quarter: Record Revenue and Rising EBITDA