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ImmunoMet Therapeutics Receives IND Clearance and Orphan Drug Designation from U.S. FDA for IM156 in Ideopathic Pulmonary Fibrosis and Completes Financing

PRIVATEFeb 08, 2021

Round Type

Funding Round

HoustonBiotechnologyHealth CareTherapeutics

Description

ImmunoMet Therapeutics, Inc., a clinical stage biotechnology company targeting metabolism to develop novel anti-fibrotic and anti-cancer therapies, today announced that the U.S. Food and Drug Administration (FDA) has cleared the Investigational New Drug (IND) application for IM156, an investigational Protein Complex 1 inhibitor, being evaluated for idiopathic pulmonary fibrosis (IPF) as well as granting it Orphan Drug Designation. The Company also announced the closing of $7.0M in new financing by both existing and new investors that will be used, in part, to fund the Phase 1 program.

Quick answer

ImmunoMet Therapeutics raised an undisclosed amount in a Funding Round round, dated February 8, 2021. ImmunoMet Therapeutics is based in Houston, Texas, United States.

How much did ImmunoMet Therapeutics raise?
ImmunoMet Therapeutics raised an undisclosed amount in a Funding Round round on February 8, 2021.
What does ImmunoMet Therapeutics do?
ImmunoMet Therapeutics is a clinical stage biotech targeting cellular metabolism to develop novel anti-fibrotic and anti-tumor therapies.
Where is ImmunoMet Therapeutics based and how big is it?
ImmunoMet Therapeutics is based in Houston, Texas, United States. Fundz records about 7 employees.
Who are the decision-makers at ImmunoMet Therapeutics?
Fundz holds 1 contact at ImmunoMet Therapeutics, including the Board Director. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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

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Company Information

Company

ImmunoMet Therapeutics

Location

Houston, Texas, United States

About

ImmunoMet Therapeutics is a clinical stage biotech targeting cellular metabolism to develop novel anti-fibrotic and anti-tumor therapies. Our lead molecule, IM156, is a protein complex 1 (PC1) inhibitor that targets the Oxidative Phosphorylation (OXPHOS) pathway in mitochondria and decreases aberrant cell growth in fibrosis and select cancer cells. IM156 is the first potent PC1 inhibitor to complete Phase 1 with a good tolerability. In fibrosis, ImmunoMet is currently conducting a Phase 1 study in healthy volunteers and plan to progress into Phase 2 PoC study in IPF patients in 4Q2021. The company was founded in 2015, is a spin-off from HanAll Biopharma, a Korean midsized public company, and has raised $31 MM post-spin-off.

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Related People

1 contact
Verified contactsBenjamin C., Board DirectorSee plans and pricing
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ImmunoMet Therapeutics 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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