ARTHEx Biotech Secures $87 Million to Propel RNA Medicines Forward
ARTHEx Biotech Secures $87 Million to Propel RNA Medicines Forward
ARTHEx Biotech S.L., a cutting-edge biotechnology company that is at the forefront of developing targeted RNA medicines, has achieved a significant milestone by successfully closing its upsized Series B financing. This funding round, which now totals $87 million, was primarily led by Bpifrance, a new investor in the company.
In this financing round, ARTHEx attracted renewed participation from existing shareholders, including AdBio Partners, CDTI Innovación, Columbus Venture Partners, European Innovation Council (EIC), Hadean Ventures, Invivo Partners, and Sound Bioventures. This collaborative backing underscores a strong confidence in the innovative potential of ARTHEx’s therapeutic offerings.
Advancing Clinical Development of ATX-01
The funds raised will primarily support the clinical development of ARTHEx's lead candidate, ATX-01, aimed at treating Myotonic Dystrophy Type 1 (DM1). This treatment is currently under scrutiny in a Phase I-IIa clinical trial known as the ArthemiR study. Specifically, ATX-01 targets and inhibits microRNA23b (miR-23b), which plays a pivotal role in the pathology of DM1 by repressing the expression of the MBNL protein necessary for proper muscle function.
By addressing miR-23b, ARTHEx has shown that ATX-01 effectively enhances the production of functional MBNL protein and diminishes toxic DMPK mRNA levels, showcasing a novel dual-action mechanism that promises to alleviate symptoms associated with DM1. Moreover, initial data from animal models indicates significant improvements in splicing abnormalities due to enhanced MBNL levels.
Support from Bpifrance
Laurent Higueret of Bpifrance commented on the potential of ATX-01, expressing optimism that it could revolutionize treatment for patients suffering from DM1. His enthusiasm reflects the significant scientific breakthroughs made by ARTHEx, which could position ATX-01 as a leading therapeutic option as it progresses toward proof-of-concept in clinical settings.
Focus on Broader Pipeline Expansion
In addition to advancing ATX-01, this financing will help ARTHEx expand its pipeline of targeted RNA medicines. These new developments aim to address various unmet medical needs across several areas, including muscular diseases, central nervous system disorders, and cardiac conditions. This multifaceted approach highlights ARTHEx's commitment to tackling diverse health challenges.
Future Prospects for RNA Medicines
Frédéric Legros, Chairman and CEO of ARTHEx, shared his vision going forward. He emphasized that the financing is not just about funding; it symbolizes confidence in their innovative approach to RNA therapy. He stated that the company is well-positioned to drive ATX-01 toward regulatory approval while simultaneously broadening their efforts to develop additional therapies.
As the landscape of RNA medicines continues to advance, ARTHEx is dedicated to remaining at the forefront through innovation and strategic partnerships, ensuring its therapies reach those who need them most.
About ARTHEx Biotech
ARTHEx Biotech is a pioneering clinical-stage company focused on the design and development of targeted RNA medicines. Their proprietary platform harnesses the power of selective oligonucleotides combined with tissue-specific delivery systems, enabling effective treatment strategies for conditions like DM1. With innovative research backed by substantial funding, ARTHEx is set to make substantial contributions to biotechnology, especially in areas where therapies are desperately needed.
Frequently Asked Questions
What is ATX-01?
ATX-01 is a targeted therapy designed to treat Myotonic Dystrophy Type 1 (DM1) by inhibiting microRNA23b (miR-23b), which has been shown to help restore the function of crucial proteins.
Who led the Series B financing round for ARTHEx Biotech?
The Series B financing round was predominantly led by Bpifrance and included participation from existing shareholders and investors.
What are the goals of this financing for ARTHEx Biotech?
The funds will support further clinical development of ATX-01 and expand the pipeline of RNA medicines targeting various conditions.
What distinguishes ATX-01 from other treatments?
ATX-01 utilizes a dual mechanism of action, addressing both the production of beneficial proteins and the reduction of harmful RNA, which positions it uniquely in the treatment landscape.
Where can I learn more about ARTHEx Biotech?
For more detailed information about ARTHEx Biotech and its innovative treatments, please visit their official website and explore their research initiatives.
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