VerImmune Inc. Raises $4.5 Million in PreSeries A Funding Round
VerImmune Inc., a biotechnology company, has successfully closed a $4.5 million PreSeries A financing round. The funding will be utilized to advance the development of their lead product candidate, VERI101, towards clinical trials. VERI101 is a Firstinclass cancer immunotherapy leveraging the Virusinspired Particle (ViP) technology to redirect preexisting immune memory from CMV infection towards tumors for destruction. Leading the funding round was Beiley Biofund, with new investor Dr. John Ballantyne and returning investors Proxima Ventures, Mana Ventures, Gaingels, among others, participating. The addition of Dr. Che Hsu and Dr. Marta New to VerImmunes Board of Directors, along with their expertise in novel modalities and product development, aims to strengthen strategic guidance and drive clinical and commercial success for the company.
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