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Arthex Biotech Announces Closing Of €42 M Series B Financing To Advance Atx-01, Its Novel Treatment For Myotonic Dystrophy Type 1 (Dm1)

PRIVATEMay 03, 2023

Amount Raised

€42 Million

Round Type

Series B

BiotechnologyHealth CareTherapeutics

Investors

The Centre For The Development Of Industrial TechnologyCdtiAd Bio PartnersInvivo CapitalSound BioventuresHadean VenturesEuropean Innovation CouncilColumbus Venture Partners

Description

ARTHEx Biotech S.L., a clinical-stage biotechnology company focused on developing innovative medicines through the modulation of microRNAs announced the closing of its €42 million Series B financing round led by Columbus Venture Partners, with participation from new investors, the European Innovation Council (EIC), Hadean Ventures, and Sound Bioventures. Existing investors Invivo Capital, AdBio Partners, and the Centre for the Development of Industrial Technology (CDTI) through its Innvierte program, also participated in the financing.

Quick answer

ARTHEx Biotech raised €42 Million in a Series B round, dated May 3, 2023. Investors: The Centre For The Development Of Industrial Technology, Cdti, Ad Bio Partners, Invivo Capital, Sound Bioventures, Hadean Ventures, European Innovation Council and Columbus Venture Partners.

How much did ARTHEx Biotech raise?
ARTHEx Biotech raised €42 Million in a Series B round on May 3, 2023.
Who invested in ARTHEx Biotech?
The Centre For The Development Of Industrial Technology, Cdti, Ad Bio Partners, Invivo Capital, Sound Bioventures, Hadean Ventures, European Innovation Council and Columbus Venture Partners are named as investors in this round.
What does ARTHEx Biotech do?
ARTHEx Biotech is a spin-off biotech company from the University of Valencia (Spain) focused on the research and development of novel oligonucleotide therapies that modulate microRNA to treat diseases with unmet medical..
Where is ARTHEx Biotech based and how big is it?
Fundz records about 2 employees.
Who are the decision-makers at ARTHEx Biotech?
Fundz holds 1 contact at ARTHEx Biotech. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

Companies in the same sectors as ARTHEx Biotech that raised within 45 days of this round, from Fundz verified event records.

  • Zucara Therapeutics raised an undisclosed amount (Funding Round) on June 15, 2023.
  • Metagen Therapeutics raised an undisclosed amount (Series A) on June 15, 2023.
  • Eccogene raised $25M (Series B) on June 12, 2023.
  • Kate Therapeutics raised $51M (Series A) on June 8, 2023.
  • Acepodia raised $100M (Series D) on June 6, 2023.
  • Alkeus Pharmaceuticals raised $150M (Series B) on June 5, 2023.

Who to call at ARTHEx Biotech, and when

A new round usually means ARTHEx Biotech is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
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Company Information

Company

ARTHEx Biotech

About

ARTHEx Biotech is a spin-off biotech company from the University of Valencia (Spain) focused on the research and development of novel oligonucleotide therapies that modulate microRNA to treat diseases with unmet medical needs. ARTHEx has developed its proprietary technology, the ENTRY ™ platform, that allows fast and flexible development of investigational miR-modulating oligonucleotides that are designed to enter relevant tissues in pharmacological quantities, in order to treat diseases in which microRNAs play a key role. The first investigational product from this platform is ATX-01, an antimiR in preclinical development for Myotonic Dystrophy Type 1 (DM1). DM1 is an orphan disease affecting more than 900,000 people worldwide (estimated prevalence 1/8,000) with no cure, nor approved treatment to date. ATX-01 is a first-in-class disease-modifying therapy that addresses the cause of DM1 with a dual and unique mechanism of action, which targets micro-RNA-23b a key factor in the disease pathogenesis.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

ARTHEx Biotech raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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