TVM Capital Life Science, a leading international venture capital firm focused on investments in life sciences innovation, together with specialty Swiss biotech company, Cellestia Biotech AG, today announced that the companies will jointly invest up to USD 34 million in the newly formed U.S.-based biotechnology company, Anciata Therapeutics, Inc.
Anciata Therapeutics plans to develop to clinical proof of concept IPX-2017, a novel, first-in-class therapeutic candidate with the potential to treat certain types of difficult-to-manage autoimmune disorders.