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Memo Therapeutics Ag To Receive Chf 10.5 Million From Swiss Federal Funding Programme To Clinically Develop Sars-Cov-2 Antibody Against Covid-19

RECENTLY ACQUIREDDec 13, 2021

Round Type

Funding Round

SchlierenBiotechnologyHealth CareScience And Engineering

Description

Memo Therapeutics AG, an innovator in the field of antibody discovery and development, announced today the receipt of CHF10.5 million from the Swiss Federal Funding Programme for COVID-19 Medicines to clinically develop COVAB 36, a potent, fully-human monoclonal antibody for the treatment of SARS-CoV-2 infections. COVAB 36 can be administered via inhalation, which could enhance patient acceptance. The project also includes the ability to rapidly develop a combination antibody partner for COVAB 36 targeted against emerging variants through an ultra-fast update process based on Memo Therapeutic AG’s leading antibody discovery platform.

Quick answer

Memo Therapeutics AG raised an undisclosed amount in a Funding Round round, dated December 13, 2021. Memo Therapeutics AG is based in Schlieren, Zurich, Switzerland.

How much did Memo Therapeutics AG raise?
Memo Therapeutics AG raised an undisclosed amount in a Funding Round round on December 13, 2021.
What does Memo Therapeutics AG do?
Memo Therapeutics AG is an innovator in the field of antibody discovery and immune repertoire analysis.
Where is Memo Therapeutics AG based and how big is it?
Memo Therapeutics AG is based in Schlieren, Zurich, Switzerland.
Who are the decision-makers at Memo Therapeutics AG?
Fundz holds 1 contact at Memo Therapeutics AG. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Science And Engineering and Biotechnology around the same time

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

  • Septerna raised $100M (Series A) on January 27, 2022.
  • Advanced NanoTherapies raised $9.2M on January 26, 2022.
  • Kyverna Therapeutics raised $85M (Series B) on January 26, 2022.
  • Enliven Therapeutics raised an undisclosed amount (Funding Round) on January 19, 2022.
  • Feldan Therapeutics raised an undisclosed amount (Funding Round) on January 18, 2022.
  • PostEra Inc. raised $26M on January 14, 2022.

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Company Information

Company

Memo Therapeutics AG

Location

Schlieren, Zurich, Switzerland

About

Memo Therapeutics AG is an innovator in the field of antibody discovery and immune repertoire analysis. The company’s antibody discovery platform uses robust, simple, and fast microfluidic single-cell molecular cloning and screening technologies to enable antibody repertoire mining and antibody discovery at unprecedented speed, efficiency, and sensitivity. The platform captures and preserves entire B-cell repertoires from any donor species and any B-cell type in recombinant form for display using mammalian cells. The antibody repertoires are subsequently screened in single-cell format using microfluidic screening technology that can assess millions of candidate antibodies directly in functional assays, resulting in recombinant clonal cell lines expressing monoclonal antibodies (mAbs) with the desired functional properties. Exploiting the power of its microfluidic single-cell molecular cloning and screening technologies, Memo Therapeutics AG engages in antibody discovery across species and indications for proprietary and partnered projects. The company’s current pipeline features programs in infectious diseases and immuno-oncology. Memo Therapeutics AG is a private company located in Bio-Technopark Zurich, Switzerland.

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