Biotech
Viva in Vitro Raises 1.3 Million Euros to Develop Treatments Against Sepsis
Spanish biotech company Viva in Vitro, led by Toni Vilaplana, has raised over €1.3 million in its latest funding round, totaling over €3.2 million in three years. With support from private investors and public subsidies, the company aims to expand clinical validation and market its Viva Sepscare device, targeting a significant reduction in hospital mortality from sepsis.
Viva in Vitro is in full swing in the race to make a name for itself in immunological medicine. The Spanish biotechnology company has raised more than 1.3 million euros in a third consecutive round, which will end in July 2024.
In this way, the company led by Toni Vilaplana has already raised more than 3.2 million euros in funding in less than three years, combining private investment (2.6 million euros) and the support of public administrations (600,000 in subsidies). The priorities are to expand the clinical validation of its solutions and to bring its Viva Sepscare device to market.
One of the investors that has participated in this third round of investment is Murcia Emprende, the venture capital company of the Institute for the Promotion of the Region of Murcia, with the participation of national banking entities.
Select investors and family offices linked to the business ecosystem of Murcia and Alicante have joined this vehicle , including Rafael Crespo, who will become part of its board of directors , as well as Enrique Riquelme and Guillermo Forner, who together with Murcia Emprende will join a newly created advisory board.
They have been joined by investors such as Antonio Ruiz Ballesta, Fran Rodríguez and Antonio Soria. The new board of directors of Viva in Vitro is made up of Joaquín Gómez Moya, Toni Vilaplana and Rafael Crespo.
Viva in Vitro hopes to reduce hospital mortality from sepsis by 25% to 45%
Dr. Pablo Pelegrín, founder of the company and coordinator of the International Scientific Advisory Committee of Viva in Vitro, stated: “We have achieved milestones of global relevance with the degree of development reached in the device for detecting the activation level of these biomarkers on which to base new advances in precision or personalized medicine.”
Viva in Vitro plans to extend its clinical validation to other fields such as multiple sclerosis and other diseases in the near future. Research focused on inflammatory diseases related to Nlrp3 is attracting the interest of corporations with numerous projects focused on this market in the last five years.
Sepsis alone causes more than eleven million deaths each year in the Western world, with more than 55 million people affected. One in five people die, while in the European Union (EU) alone it costs more than 17 billion euros for treatments that last for weeks in hospitals.
Thanks to its Viva Sepscare, Viva in Vitro hopes to contribute to reducing hospital mortality due to this disease by between 25% and 45% , where the key is the prognosis (negative evolution forecast) and the stratification of patients.
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(Featured image by Myriam Zilles via Unsplash)
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First published in PlantaDoce. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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