Alentis raises 12.5 million Swiss francs
The Basel-based biotech company Alentis Therapeutics AG has successfully concluded a CHF 12.5 million Series A financing co-lead by BioMedPartners and BB Pureos Bioventures and joined by BPI France, Schröder Adveq and the HTGF. Alentis develops therapeutics in advanced liver disease and cancer.
BaseLaunch, a healthcare accelerator operated by BaselArea.swiss, has been instrumental as an early stage financial and operational supporter in the formation of the company. Very important has also been SATT Conectus – the tech transfer office of all the players in public research in Alsace – by providing building and securing the IP portfolio.
According to a press release, Alentis was founded upon research work conducted by the group of Professor Thomas Baumert, the principal founder of the company. He works at the University of Strasbourg, the Inserm Institute for Viral and Liver Disease, the Laboratory of Excellence HepSYS and the Institut Hospitalo-Universitaire Strasbourg.
Alentis’ lead program is a humanized monoclonal antibody against a target that is fundamental to the pathology of liver fibrosis and hepatocellular carcinoma (HCC). Alentis’ research is powered by its proprietary drug discovery platform, which is based on a prognostic liver disease signature holding promise for further drug candidates in liver disease.
Andreas Wallnöfer, General Partner at BioMedPartners and board member of Alentis, describes Baumert’s research as “truly translational, with the result that a rapid transition from preclinical research to clinical development can be expected.
Alentis is led by Dr. Markus Ewert, who was previously CBO at Ablynx, headed global corporate development at GE Healthcare, and held various leadership positions at Novartis.
Share this article
You might also be interested in
A research project is investigating the improvement in the condition of patients who have been hospitalized due to COVID-19. docdok.health based in Basel is contributing the smartphone app for the project.Read More
The Allschwil-based pharmaceutical company Idorsia receives a payment of 45 million US dollars as part of an agreement with Neurocrine Biosciences and shall also be entitled to claim milestone payments in future. Neurocrine has exercised a licensing option for a drug developed by Idorsia to treat epilepsy..Read More
Roche has received Emergency Use Authorization in the USA for an antibody test in connection with the novel coronavirus. The tests are already being distributed around the world. In May, production capacities are to already be scaled up to the high double-digit million area.Read More
Basel is valued as a location for company headquarters. In a rating from the fDi Intelligence platform of the Financial Times, Basel achieves eighth place in Europe. No other Swiss city does better.Read More
The investment and innovation promotion agency Basel Area Business & Innovation, previously known as BaselArea.swiss, can look back on a successful year in 2019. In this regard, positive developments in the healthtech sector and in Switzerland Innovation Park Basel Area stand out.Read More
The University Hospital Basel is the first Swiss hospital to have treated two Covid-19 patients with the plasma from a patient who has recovered from the virus, which means that they are receiving the appropriate antibodies. This method is a potential therapeutic option.Read More
The Basel-based Botnar Research Center for Child Health is providing capital in the amount of 15 million Swiss francs to its four partner institutions. In this way, the University of Basel should be in a position to advance research into dealing with the coronavirus outbreak.Read More