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Synthetic Biologics, Inc. announced it raised $1.47 Million in an initial filing from an offering of $1.47 Million

Synthetic Biologics, Inc. announced it raised $1.47 Million in an initial filing from an offering of $1.47 Million

03/21/22, 2:59 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgrockville
Money raised
$1.47 million
Industry
science and engineering
biotechnology
Round Type
seed

Company Info

Company
Synthetic Biologics, Inc.
Location
9605 medical center drive
rockville, maryland, united states
Additional Info
Synthetic Biologics, Inc. (NYSE American: SYN) is diversified clinical-stage company developing therapeutics designed to treat diseases in areas of high unmet need. The Company recently consummated the acquisition of VCN Biosciences, S.L. (VCN), which is developing a new oncolytic adenovirus (OV) platform designed for intravenous (IV) and intravitreal delivery to trigger tumor cell death, improve access of co-administered cancer therapies to the tumor, and promote a robust and sustained anti-tumor response by the patient’s immune-system. In addition, the Company's lead candidates are: (1) SYN-004 (ribaxamase) which is designed to degrade certain commonly used IV beta-lactam antibiotics within the gastrointestinal (GI) tract to prevent (a) microbiome damage, (b) Clostridioides difficile infection (CDI), (c) overgrowth of pathogenic organisms, (d) the emergence of antimicrobial resistance (AMR), and (e) acute graft-versus-host-disease (aGVHD) in allogeneic hematopoietic cell transplant (HCT) recipients, and (2) SYN-020, a recombinant oral formulation of the enzyme intestinal alkaline phosphatase (IAP) produced under cGMP conditions and intended to treat both local GI and systemic diseases. For more information, please visit Synthetic Biologics' website at www.syntheticbiologics.com.

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