Biofusion invests in Axordia
Funding to further advance Axordia's stem cell programmes
Axordia will use the funds to further advance the development of its proprietary endovascular cell lines, which have potential for use in a variety of therapeutic settings including transplantation, remodelling of blood vessels and elsewhere to mitigate the need for immunosuppressant therapies. The company's development of endovascular cells lines is underpinned by the fact that Axordia is one of only a few companies in the world able to derive its own human embryonic stem ("hES") cells.
Axordia will also further strengthen its licensing and partnering activities around its drug discovery and stem cell tools offerings for the pharmaceutical industry.
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