OMEICOS Secures Extension of Series B Financing Round
In conjunction with the Series B financing round extension, OMEICOS establishes an US-based subsidiary, OMEICOS Ophthalmics, in Cambridge Massachusetts. The financing allows OMEICOS to expand its proprietary technology into a new field and to test pre-clinically a range of compounds and different routes of administration for different types of eye diseases, like age-related macular degeneration.
“The fact that omega-3 fatty acids play a crucial role in the health and disease of the brain including the retina, and the fact that the improved drug-like properties of our compounds bypass limitations of omega-3 fatty acid supplementation – that’s driving our excitement about this new development opportunity,” said Robert Fischer, Dr. med., CSO and co-founder of OMEICOS. “Our expansion into a new indication and being part of Boston’s vibrant biotech community will provide additional benefits for our Berlin-based startup in terms of expertise, diversity and future patient population.”
Taro Inaba, Founder and Managing Partner at Remiges Ventures will join the Board at OMEICOS. He brings over 25 years of business development and venture investment experience at Remiges Ventures and Mitsui Ventures, a Japan and US based global investment company.
Taro Inaba commented: “We are very pleased to have joined the OMEICOS’ Series B financing round, which allows the company to expand its technology into the new area. We have a strong belief, based on the recent scientific discoveries, that the OMEICOS’ unique technology opens the door to a new era of treatment in ophthalmology. The entire Remiges team is excited to actively participate in the effort of building the firm’s new operation in the United States.”
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