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Tolerogenixx Expands Phase Ii Immune-Tolerance Trial And Closes Eur 12 Million Series A Financing

PRIVATEJul 06, 2023

Amount Raised

€12 Million

Round Type

Series A

HeidelbergBiotechnologyHealth CareTherapeutics

Description

Heidelberg, July 6, 2023 – TolerogenixX GmbH, a biopharmaceutical company developing personalized cellular therapies aimed at achieving sustained immune tolerance to combat organ rejection and autoimmune diseases, today announced that in the TOL2- Phase IIb study in renal transplant patients TolerogenixX has received green light by the Safety Board to initiate the B arm of the study. This arm consists of patients receiving minimal immune suppression drugs, reducing tacrolimus and weaning off enteric-coated mycophenolate sodium and methylprednisolone completely. The study enrolls 63 transplant couples consisting of a donor and a transplant recipient, respectively. The protocol has been published in BMJ Open.

Quick answer

TolerogenixX raised €12 Million in a Series A round, dated July 6, 2023. TolerogenixX is based in Heidelberg, Baden Württemberg, Germany.

How much did TolerogenixX raise?
TolerogenixX raised €12 Million in a Series A round on July 6, 2023.
What does TolerogenixX do?
TolerogenixX vision is to innovate Immunosuppression with its newly developed MIC Cell Treatments.
Where is TolerogenixX based and how big is it?
TolerogenixX is based in Heidelberg, Baden Württemberg, Germany.
Who are the decision-makers at TolerogenixX?
Fundz holds 1 contact at TolerogenixX. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

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

  • Abcuro raised $155M (Series B) on August 17, 2023.
  • MindMed raised $7M on August 11, 2023.
  • Abcuro raised $120M on August 11, 2023.
  • ADARx Pharmaceuticals, Inc. raised $200M (Series C) on August 9, 2023.
  • Alltrna raised an undisclosed amount (Series B) on August 9, 2023.
  • Fore Biotherapeutics raised $62M on August 9, 2023.

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Company Information

Company

TolerogenixX

Location

Heidelberg, Baden Württemberg, Germany

About

TolerogenixX vision is to innovate Immunosuppression with its newly developed MIC Cell Treatments. MIC Cell Treatment is a curative ATMP approach to achieve a sustained regulation of the immune system in Transplant - and Autoimmune Disease Patients. TolerogenixX has been able to generate strong pre-clinical as well as clinical data in the indications of Transplantation and Autoimmune Diseases e.g. SLE since its foundation in 2016.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

TolerogenixX 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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