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Remedium Bio Announces Successful $2.3M Expanded Seed Raise

PRIVATEAug 15, 2022

Amount Raised

$2.3 Million

Round Type

Seed

BostonBiotechnologyHealth CareTherapeutics

Description

Remedium Bio, Inc., a biotechnology company developing novel gene therapies, today announced that it has closed more than $2.3M in its expanded seed round financing. Funding from the raise is being used to study Remedium's lead product, a single-injection gene therapy potentially capable of reversing cartilage loss, in a collaboration with Tufts University School of Medicine scientists researching rheumatic disorders. The financing was led by Sherwood Ventures and included participation from, LongevityTech.Fund, Primo Medical Group, Angel Star Ventures, Apis Health Angels, MicroVentures, and Guindy Alumni Angels.

Who else raised in Therapeutics and Biotechnology around the same time

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

  • Qnovia raised $17M (Series A) on September 28, 2022.
  • Damona Pharmaceuticals raised $5.5M (Seed) on September 28, 2022.
  • CLEARA Biotech B.V raised $2.5M (Seed) on September 28, 2022.
  • bioAffinity Technologies raised $7.7M (Post-IPO Equity) on September 28, 2022.
  • Gamida Cell raised $25M (Funding Round) on September 28, 2022.
  • Curavit Clinical Research raised $8.5M on September 28, 2022.

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Company Information

Company

Remedium Bio

Location

Boston, Massachusetts, United States

About

Remedium Bio is a gene therapy company focused on the development of treatments for large unmet clinical needs. To enable this, we developed a revolutionary gene therapy platform technology, which enables safe, effective, and durable delivery of therapeutic genes while allowing for simple post-treatment dose adjustment. The Prometheus™ adjustable gene therapy platform is able to safely and durably replace multi-injection subcutaneously administered biologics, with a single treatment, at a fraction of the cost, and without genetic integration. Our lead product is a disease-modifying treatment for Osteoarthritis that is based on the only clinically validated chondro-regenerative mechanism. Remedium’s pipeline includes gene therapy treatments in the fields of Weight Loss, Type 2 Diabetes, and Stroke.

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Remedium Bio 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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