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WiSEED Filling French Investment Void With Equity Crowdfunding

WiSEED Filling French Investment Void With Equity Crowdfunding
crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.

Clinical Trials to assess Candidate for Crohn s Disease Labmate Online

Mar 14 2021 Read 559 Times Biopharmaceutical company CVasThera, specialising in therapies for cardiovascular and bowel pathologies, has secured €1.3 million ($1.6M) in its first funding round that will be used to finance the preclinical trials for its CVT120165 compound, a drug candidate in the treatment of Crohn s disease. Safety data is already available from phase I trials involving healthy volunteers, which were conducted in 2008 in another indication. The company plans to proceed directly to a pilot phase II trial with Crohn’s patients in 2022. The primary investor is OCSEED, a venture capital company supporting start-ups in the Occitanie region of France; working capital from the company’s founders, an investment loan from Bpifrance, funding from the Occitanie region and a contract with the countries Agence Nationale de la Recherch Agency, are also providing financial input.

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