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Confo Therapeutics Raises €30 Million in Series A Financing
Round led by BioGeneration Ventures and co-led by Wellington
Partners, with investments by Fund+, Perceptive Advisors and existing
investors
GHENT, Belgium–(BUSINESS WIRE)–Confo Therapeutics, an emerging drug discovery company, today announces
the completion of a €30 million ($33.4 million) Series A financing. The
investment was led by BioGeneration Ventures (BGV) and co-led by
Wellington Partners, with the addition of new investors Fund+ and
Perceptive Advisors. Existing investors Capricorn Health-Tech Fund,
Qbic, Participatie Maatschappij Vlaanderen NV (PMV), MINTS (University
of Michigan), V-Bio Ventures and VIB also took part in the current
financing round.
The funds will be used to accelerate the Company’s ConfoBodyTM-enabled
drug discovery activities and to develop its pipeline of GPCR modulating
compounds to produce drug candidates for clinical trials. Confo
Therapeutics’ proprietary ConfoBodiesTM are single domain
antibodies uniquely derived to be selective and stabilize G-protein
coupled receptors (GPCRs) in specific conformations, and as a result are
valuable tools for drug discovery.
Edward van Wezel, Managing Partner at BGV, commented: “We are impressed
by the power of the ConfoBodyTM platform for the discovery of
compounds targeting difficult-to-drug GPCRs, the very promising pipeline
and the stellar team that has been put in place. The size of the current
round and the quality of the investors, existing and new, underline the
potential of Confo Therapeutics.”
Johan Cardoen, Managing Director of VIB added: “We are pleased with the
tremendous progress made by Confo Therapeutics since its inception. The
team has implemented the application of ConfoBodyTM-enabled
drug discovery on an industrial scale, has secured strategic
partnerships with Lundbeck and Roche, and is building a compelling
portfolio of GPCR agonists.”
Cedric Ververken, CEO of Confo Therapeutics, commented: “We appreciate
the strong and continued support from our existing investors, who have
enabled the Company to progress to this point. We are proud to welcome
BGV, Wellington Partners, Fund+ and Perceptive Advisors as new
investors, completing a high-quality international syndicate. We look
forward to boosting the company’s drug discovery engine and advancing
our portfolio of GPCR-modulating compounds.”
– End –
About Confo Therapeutics
Confo Therapeutics is a VUB-VIB spin-off co-founded in 2015 by VIB and
Capricorn Venture Partners with the support of MINTS, PMV, QBIC and
V-Bio Ventures. The Company is building a portfolio of first-in-class
programs based on its proprietary Confo® technology which derives highly
specialised camelid single domain antibodies or “ConfoBodiesTM”
which stabilize G-protein coupled receptors (GPCRs) in a conformation of
interest for drug discovery.
GPCRs are attractive drug targets in the treatment of many different
conditions, playing an essential part in numerous life processes and
influencing diseases.
In addition to developing its own pipeline, Confo Therapeutics is
entering into revenue-generating drug discovery partnerships with select
pharma companies, on GPCR targets which do not compete with its internal
projects. The Company has ongoing collaborations with Lundbeck and Roche.
More info: www.confotherapeutics.com
Contacts
Confo Therapeutics
Dr Cedric Ververken, CEO
+ 32 (0)9
261 0670
[email protected]
For
English-speaking and International Media:
Instinctif
Partners for Confo Therapeutics
Dr Christelle Kerouedan, Sue
Charles
+ 44 (0)20 7457 2020
[email protected]
For
Belgian Media:
Turnstone Communications for Confo
Therapeutics
Dr Ann Van Gysel, Björn Debusschere
+32 (0)9
218 71 97
[email protected]
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Cannabis
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Humboldt
Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace
Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia
SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.
The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.
Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.
“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”
Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”
About Humboldt Seed Company
Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.
For more information visit https://humboldtseedcompany.com/.
About Apollo Green
Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics.
For more information visit https://apollogreen.com/.
Media contact
Jaana Prall
[email protected]
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