CUTISS Secures CHF 56M for Innovative Bioengineering Expansion
CUTISS Achieves Milestone with CHF 56M Series C Funding
The recent closure of a CHF 56 million Series C funding round marks a significant achievement for CUTISS, a pioneering force in the realm of tissue therapeutics and regenerative medicine. This financial backing involves contributions from both existing and new investors, propelling the total funds raised by CUTISS to an impressive sum of over CHF 125 million. This investment is primarily aimed at driving forward the development and commercialization of their flagship product, denovoSkin™, as well as enhancing their automated tissue bioengineering platform.
Expansion in Clinical Trials and Production Facilities
With the funds raised, CUTISS plans to advance into the critical Phase 3 clinical trials for denovoSkin™. This personalized bio-engineered skin graft is designed to transform skin surgery by significantly improving healing outcomes for patients, providing a substantial upgrade over current treatment methods. The funding will facilitate the generation of pivotal data that will be essential for regulatory approval and eventual market availability.
Collaboration with Leading Burn Center
In a noteworthy step towards establishing a robust manufacturing base, CUTISS has entered into a collaboration agreement with Rode Kruis Ziekenhuis (RKZ), a prominent clinical institution in Europe dedicated to exceptional burn care. This agreement lays the groundwork for potentially creating CUTISS' first international commercial production facility, contingent on the approval of denovoSkin™.
Technological Advancements in Bioengineering
The proceeds from this funding round will also play a crucial role in advancing the industrial capabilities of CUTISS, particularly in the automation of personalized tissue therapies. CUTISS aims to revolutionize how skin grafts are produced, rendering the process more efficient and scalable to meet growing market demands.
Building Confidence in Revolutionary Therapies
Dr. Daniela Marino, CEO and co-founder of CUTISS, expressed her gratitude for the confidence shown by investors, stating, "The successful closing demonstrates confidence in our vision and ability to bring transformative skin therapies to patients." She emphasized the significance of the partnership with RKZ as a pivotal moment on their path to making substantial impacts in skin surgery and regeneration worldwide.
Partnerships Supporting the Future of Skin Care Innovation
Nadine Vieleers, CEO of Rode Kruis Ziekenhuis, remarked on the institution's commitment to advancing burn care, highlighting a shared vision with CUTISS for delivering cutting-edge solutions to patients. The collaboration between a clinical environment and an innovative biotech company is expected to catalyze significant advancements in the treatment of burns and skin injuries.
Frequently Asked Questions
What is denovoSkin™?
denovoSkin™ is a personalized, bio-engineered skin graft developed by CUTISS to improve skin surgery outcomes and address patient-specific needs.
What are the main aims of the Series C funding?
The funding aims to support the Phase 3 clinical trials of denovoSkin™, prepare for commercialization, and advance an automated manufacturing platform for tissue bioengineering.
How will the collaboration with RKZ impact CUTISS?
The collaboration could lead to the establishment of CUTISS's first international production facility, enhancing its capacity to meet market demands post-approval of denovoSkin™.
What are the expected benefits of denovoSkin™?
The bio-engineered skin graft is designed to improve healing outcomes compared to standard treatments, offering a potentially significant advancement in patient care.
What is the significance of this funding round for CUTISS?
This funding round has validated investor confidence in CUTISS’s vision and capabilities, propelling the company toward significant advances in skin care therapies and bioengineering.
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