Tech Company Financing Transactions
Vedanta Biosciences Funding Round
On 4/25/2023, Vedanta Biosciences raised $106.5 million in funding from AMR Action Fund, Atlantic Neptune and AXA Investment Managers.
Transaction Overview
Company Name
Announced On
4/25/2023
Transaction Type
Venture Equity
Amount
$106,500,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds for pivotal-stage development of its lead candidate, VE303, for the prevention of recurrent Clostridioides difficile infection (CDI), and a Phase 2 study of VE202 for ulcerative colitis, among other development activities.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
19 Blackstone St.
Cambridge, MA 02139
USA
Cambridge, MA 02139
USA
Phone
Website
Email Address
Overview
Vedanta Biosciences was founded by PureTech and a team of world renowned experts in immunology and microbiology. Vedanta Biosciences is developing a class of drugs that work by modulating the human microbiome, with an initial emphasis in autoimmune and inflammatory diseases.
Management Team
Title
Name
Email & Social
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