Friday, February 17, 2023 Daily Archives

Maxion to develop antibody platform with $16m funding

Maxion Therapeutics’ $16 million Series A financing round will be used to develop biologics targeting ion channels and GPCRs via its KnotBody platform. Cambridge, UK based firm Maxion said ion channels and G-protein-coupled receptors (GPCRs) are essential cell surface proteins, which can be used to treat a range of diseases, including chronic pain and autoimmune conditions. The Series A funding round, led by LifeArc Ventures, BGF, and Monograph Capital, will support the advancement of Maxion’s KnotBody platform. To date, small…

Icosagen: EIB loan to support CDMO’s mammalian plant buildout

The European Investment Bank has awarded Estonian CDMO Icosagen €18 million ($19 million), supporting the financing of a 1,600 m2 production facility. The €18 million will form part of a total of €40 million being invested into contract development and manufacturing organization (CDMO) Icosagen’s R&D capabilities and a clinical-scale good manufacturing practice (GMP) plant in Tartu, Estonia. The 1,600 m2 facility is scheduled to be project-ready in Q1 2024 and will include a 400 m2 cleanroom equipped with single-use bioreactors…