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Clarametyx Biosciences Announces $33M Series A Financing To Advance Anti-Biofilm Biologics For Serious Bacterial Infections

Jan 05, 2024almost 2 years ago

Amount Raised

$33 Million

Round Type

series a

ColumbusHealth CareBiotechnology

Investors

1776 FundC Bio InvestorsJobs Ohio Growth CapitalRev1 VenturesNationwide Children’s HospitalOhio Innovation FundCf Foundation

Description

Clarametyx Biosciences Inc. (“Clarametyx”), a clinical stage company developing targeted, immune-enabling biologic therapies to counter persistent infections associated with biofilms, today announced the successful completion of a $33 million Series A round. The proceeds from the round will enable the company to accelerate efforts across its pipeline, including specifically to evaluate the potential of Clarametyx’s lead therapeutic candidate CMTX-101 to combat infection in people with cystic fibrosis (CF), a progressive, genetic disease that affects the lungs, pancreas and other organs.

Company Information

Company

Clarametyx Biosciences

Location

Columbus, Ohio, United States

About

Clarametyx Biosciences is combating the formidable challenge of chronic respiratory diseases through an innovative technology platform targeting the biofilm—a protective layer around bacteria that drives inflammation and disease exacerbation. The Columbus, Ohio-based company is building a pipeline of immune-enabling therapies and vaccines, including CMTX-101, which is in a Phase 2 study for cystic fibrosis-related, biofilm-driven infections, and CMTX-301, which is in preclinical development.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
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