Ostia Sciences Inc. Raises Over $1 Million for Microbiome Innovation
Ostia Sciences Inc. Secures Funding to Boost Microbiome Solutions
Ostia Sciences Inc., a notable spinout from the University of Toronto specializing in innovative oral and respiratory microbiome solutions, has successfully completed a seed investment round, raising over CAD $1 million. This significant funding will allow the company to progress in its development of SALI-10 probiotic technology.
Full Intellectual Property Transfer Achieved
In conjunction with securing financial backing, Ostia Sciences has achieved full ownership of its intellectual property (IP), following a transfer from the University of Toronto. CEO Dr. Abdelahhad Barbour noted, “With complete IP ownership and fresh funding, we’re poised to enhance our SALI-10 probiotic development.
Further Investments on the Horizon
The company anticipates concluding this funding round with an additional CAD $700,000 by the end of 2024, enabling sustained financial support for pivotal projects. The funding is earmarked for advancing critical components of Ostia's research programs and clinical trials.
Advancing Microbiome Research and Development
Ostia Sciences is committed to bringing its innovative probiotic therapies to market, focusing specifically on clinical trials set to commence in early 2025. These trials will test the SALI-10 probiotic, leveraging its advanced phosphorylated lantibiotic technology to target respiratory and oral diseases.
Pioneering Solutions in Biotherapeutics
By owning its IP, Ostia can independently expedite its research and development efforts, reinforcing its position within the burgeoning “Bugs to Drugs” biotherapeutic sector. This funding round is critical for facilitating clinical trials, manufacturing efforts, and advancing the company’s research agenda.
CEO's Vision for Future Growth
Dr. Michael Glogauer, Ostia's Chief Scientific Officer, emphasized the groundbreaking nature of their new technology: “Our phosphorylated lantibiotic technology presents unique antimicrobial and pro-immune benefits that are unmatched in the current market. This investment allows us to broaden our discovery pipeline, and we are enthusiastic about launching our first prototype for clinical trials.”
About Ostia Sciences Inc.
Based in Toronto, Ostia Sciences Inc. is dedicated to developing transformative oral probiotics and biotherapeutics. With a focus on leveraging the power of microbiome science, Ostia aims to enhance global health outcomes through innovative therapeutic strategies.
Frequently Asked Questions
What is Ostia Sciences Inc.?
Ostia Sciences Inc. is a biotech firm focused on developing oral probiotics and biotherapeutics, leveraging cutting-edge microbiome science.
How much funding did Ostia Sciences secure?
The company secured over CAD $1 million in a recent seed investment round.
What technology is Ostia developing?
Ostia Sciences is developing the SALI-10 probiotic, utilizing phosphorylated lantibiotic technology aimed at treating respiratory and oral diseases.
What are the future plans for clinical trials?
Ostia plans to commence clinical trials for the SALI-10 probiotic in early 2025, with robust support from recent funding.
How does Ostia's IP status affect its development?
Owning its intellectual property allows Ostia Sciences to pursue independent research and development, strengthening its role in the biotherapeutic industry.
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