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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, 20257 months ago

Round Type

seed

MarseilleTherapeuticsBiotechnologyHealth Care

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.

Company Information

Company

Massalia Therapeutics

Location

Marseille, Provence-Alpes-Côte d'Azur, France

About

Massalia Therapeutics transforms lives by pioneering therapeutics for aggressive cancers and fibrotic diseases

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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