Astrivax, a spin-off of KU Leuven, elevated € 30 million from buyers for the progress of its vaccine system. The corporation of virologist co-founder Johan Neyts has been working on a yellow fever vaccine prospect for some time, but is also aiming for rabies vaccines and just one to address continual hepatitis B, it would seem.
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This is the largest start off-up money at any time raised for a Leuven spin-off. Astrivax wishes to establish new vaccines that are straightforward to manufacture and have fewer chilly chain requirements in the course of transportation. The new vaccines are envisioned to deliver “comprehensive, long-time period defense versus a wide range of viruses and other pathogens.” The business of CEO Hanne Calewaert, one particular of the other co-founders, works by using the Rega Institute of the University of Leuven for this.
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The new resources will be utilised by the business for the clinical progress phase of its “thermostable” yellow fever vaccine and to additional develop candidate vaccines for the prevention of rabies on the just one hand and for the treatment method of long-term hepatitis B on the other. . Operate also carries on on the vaccine system that can be utilized for the advancement of all sorts of vaccines to reduce and take care of infectious diseases.
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V-Bio Ventures and Fund + are the main buyers. The capital spherical was also attended by Flanders Future TechFund, Thuja Funds, Ackermans & van Haaren, Mérieux Equity Companions, BNP Paribas Fortis Non-public Fairness and Gemma Frisius Fund of KU Leuven.
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