VEROVACCiNES secures a 7-digit financing to expand its vaccine pipeline
Vaccine specialist secures financing of 1.6 million euros
The veterinary vaccine developer VEROVACCiNES announces the successful comple tion of a €1.6 million financing round. The round was largely supported by existing investors as well as the founders. This underlines the joint confidence in the innovative strength and strategic direction of the company.
Following the rapid development of a highly efficacious vaccine against bluetongue virus type 3, VEROVACCiNES plans to use the funds raised specifically for the further expansion of its own product pipeline. The company will use its proprietary vaccine technology (Unified Vaccine Platform), which provides ONE coherent system for the generation, development, and production of innovative subunit vaccines along the entire value chain.
“The massive progress we have made over the past year in expanding our technology platform enables us to push ahead with the development of vaccines for our own pipeline and to launch further collaborations,” says Dr. Hanjo Hennemann, CEO of VEROVACCiNES. ”We are grateful to our investors for their support, which allows us to realize our ambitious development goals.”
The CSO of VEROVACCiNES, Prof. Sven-Erik Behrens, emphasizes the importance of the financing round: “With these funds, we can significantly accelerate our vaccine development and bring promising vaccine candidates to the next stage. Our goal is to bring innovative and efficacious vaccines to the market to meet the increasing challenges in animal health long term.”
The investor consortium, consisting of renowned investors from various European countries, is counting on VEROVACCiNES' potential to further revolutionize biotechnological vaccine development and to efficiently develop innovative products with high unique selling points.
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