Skip to main content

VectivBio secures investments totaling 110 million dollars

| News

VectivBio secures investments totaling 110 million dollars


The Basel-based biotechnology firm VectivBio has received a capital injection of 110 million US dollars from both new and existing investors. With this fresh funding, the Basel-based company intends to further develop its drug to treat short bowel syndrome.

The new investors Surveyor Capital, Cormorant Capital and Eventide Asset Management, in addition to existing investors such as the Basel-based Versant Ventures, have provided VectivBio AG with a fresh capital injection totaling 110 million US dollars. According to a press release, the biotechnology firm, which is headquartered in Basel, intends to put this funding towards the further development of its leading product candidate by the name of apraglutide as well as to drive forward commercialization activities and develop additional product candidates.

VectivBio develops innovative drugs aimed at treating rare diseases. The lead product candidate apraglutide serves to combat short bowel syndrome, which is where a section of the small intestine is missing. Symptoms of short bowel syndrome can be the result of congenital abnormalities or emerge in the wake of surgical interventions. Patients suffering from short bowel syndrome require the artificial, intravenous delivery of essential nutrients, a process which can take up to 15 hours per day, according to the press release issued by VectivBio. By administering apraglutide, the aim is to enable to the patient’s body to absorb fluid nutrients more effectively in addition to allowing some nutrients to be taken orally. The fresh capital should allow a Phase III clinical trial to be realized for apraglutide. Moreover, through this process, the company hopes to accordingly be in a position to launch a best-in-class therapy, according to Luca Santarelli, CEO at VectivBio, in the press release.

Santarelli was also previously CEO at the Basel-based Therachon AG, which was taken over last year by Pfizer. As is the case now at VectivBio, Versant Ventures was involved with Therachon as a founding investor. “We have worked with Luca from the beginning and are excited about the progress we’re making into VectivBio’s next chapter”, comments Tom Woiwode, Managing Director at Versant Ventures and Chairman of the Board of Directors at VectivBio, in the press release.

Share this article

Sign up to receive our newsletter in your inbox.

You may also be interested in

The power of a persuasive pitch deck

Are you an entrepreneur striving to secure investment for your biotech startup? Start with an effective pitch deck to catch...
Read More

Roche investing an additional 1.2 billion Swiss francs in Basel

Roche will be putting an additional 1.2 billion Swiss francs towards the renovation of its site in Basel. This investment...
Read More

Nouscom secures 67.5 million euros in financing

Biotech company Nouscom has raised 67.5 million euros in a series C financing round. The Basel-based firm intends to use...
Read More

Celebrating six months of innovation: i4Challenge accelerator New Ideas 2022/2023

On the 5th of July 2023, the 3rd iteration of the i4Challenge accelerator program New Ideas came to its conclusion....
Read More

How open innovation in healthtech hubs is fueling the rise of digital healthcare

How the ever-increasing uptake of digital solutions is enhancing patient engagement, increasing access to care and lowering the cost of...
Read More

How to access the U.S. market with your medical device

In one of our latest Venture Mentoring events by Basel Are Business & Innovation, we invited Nila-Pia Rähle to speak...
Read More

Do you have a question? We'd like to hear from you.