| News

Versameb raises 6.4 million Swiss francs

18.10.2019

Basel-based biopharmaceutical Versameb has raised 6.4 million Swiss francs in a Seed C financing round and will put the funds towards expanding its technology platform. Versameb was supported by the healthcare accelerator program BaseLaunch of BaselArea.swiss in 2017/18.

biotechnology
Biotech (img: angellodeco/shutterstock)

With its latest financing round, Versameb has raised 11.8 million Swiss francs in total capital to date. “We are very pleased and grateful to see the interest of new investors, as well as the strong confidence shown by our existing shareholders,” Friedrich Metzger, CEO of Versameb, said in a press release.

The Basel-based biopharmaceutical has developed a technology platform that enables “efficient development of functional mRNA molecules for customized protein expression and modification in various therapeutic indications”.

The proceeds of this financing round will now be used to expand the platform, called VERSagile, in multiple indications and advance “the lead program towards clinical studies”.

Versameb also announced recent personnel changes. Reinhard Ambros was elected to the board of directors and subsequently appointed chairman, succeeding Roger Meier. According to the press relase, Ambros has helped to build the Novartis Venture Fund into a leading corporate biotech venture fund.

“I was attracted to join Versameb because I see a great potential in its unique mRNA technology platform and the ambitious goals to develop next-generation RNA therapies,” Ambros said.

In addition, Versameb recently appointed Isabel Ferreira as Chief Business Officer, where she will be responsible for leading the company’s global partnering and corporate development strategy. Prior to joining Versameb, she was the director of global business development at Roche Partnering.

Share this article

Sign up to receive our newsletter in your inbox.

You might also be interested in

Roche tests able to detect Omicron
Basel Area Business & Innovation, Innovation, Invest

Roche tests able to detect Omicron

The Roche subsidiary TIB Molbiol has developed new coronavirus testing kits that can also detect the new Omicron variant of...

Read More
Hemex banks 7.1 million Swiss francs
Basel Area Business & Innovation, Innovation, Invest

Hemex banks 7.1 million Swiss francs

Hemex has raised a total of 7.1 million Swiss francs as part of a Series C financing round. The company...

Read More
EsoCap impresses investors
Basel Area Business & Innovation, Innovation, Invest

EsoCap impresses investors

EsoCap, a biotech company based in Basel, has concluded a successful funding round. The funds from new and existing investors...

Read More
Plug and Play settles in the Basel Area
Basel Area Business & Innovation, Innovation, Invest

Plug and Play settles in the Basel Area

Plug and Play is coming to the canton of Basel-Landschaft. The first founding partner of the innovation promoter from Silicon...

Read More
Bachem builds its largest production building
Basel Area Business & Innovation, Innovation, Invest

Bachem builds its largest production building

Bachem has laid the foundation stone for its largest production building to date. The company specializing in the manufacture of...

Read More
Bottneuro advancing personalized Alzheimer’s therapy
Basel Area Business & Innovation, Innovation, Invest

Bottneuro advancing personalized Alzheimer’s therapy

Basel-based startup Bottneuro is working on the development of personalized therapies to treat Alzheimer’s disease in which certain areas of...

Read More
Straumann plans to build innovation center in the Basel Area
Basel Area Business & Innovation, Innovation, Invest

Straumann plans to build innovation center in the Basel Area

The Basel-based dental specialist Straumann is planning to construct a new technology and innovation center in Arlesheim in the canton...

Read More
“To create the future of health, we need to come together as an ecosystem”
Basel Area Business & Innovation, Invest

“To create the future of health, we need to come together as an ecosystem”

The future of health has already begun – but where does it lead us to? Patricia Gee is director of the...

Read More
Ontotext opens new office in the Basel Area
Basel Area Business & Innovation, Innovation, Invest, Switzerland Innovation Park

Ontotext opens new office in the Basel Area

Ontotext, a company based in New York City and the Bulgarian capital of Sofia, has opened a new location at...

Read More
The gravitational attraction of the Basel Area – Europe’s leading healthcare hub.
Basel Area Business & Innovation, Innovation, Invest

The gravitational attraction of the Basel Area – Europe’s leading healthcare hub.

Breakthrough advances in digital technology and artificial intelligence are transforming how we manage our health, and helping data-driven life science...

Read More
1 2 3 30

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