Massalia Therapeutics secures seed financing to develop its SANF factor for treating cancer and fibrosis. The company aims to begin first-in-man trials within six months.
May 20, 2025•7 months ago
Round Type
seed
Investors
Aix Marseille UniversityLandmark Bio Ventures
Description
Massalia Therapeutics has initiated its seed financing to develop the SANF factor, targeting conditions related to fibrosis and neoplasia. The company's preclinical program is ready for an Investigational New Drug application, intending to start human trials soon. The average cost for study registration and early testing is projected between €0.5m and €5m. The support from Landmark BioVentures and Aix-Marseille University has been crucial for the company's foundation.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers