Alentis raises 105 million US dollars
Alentis Therapeutics has received 105 million US dollars in a series C funding round. It will invest the funds in the phase I and II programs for two antibodies targeting Claudin-1. This is a protein that plays an important part in organ fibrosis and certain types of cancer. With this financing round companies supported by the incubator BaseLaunch have received 550 million US dollars from investors since the start in 2018.
Alentis Therapeutics, a biotech company based in Basel, has announced that it has concluded a series C funding round amounting to 105 million US dollars. The funding round was led by Jeito Capital together with Novo Holdings and RA Capital Management. Existing investors were also involved.
Alentis is a clinical-stage biotechnology company that develops potentially pioneering therapies for organ fibrosis and CLDN1-positive tumors. CLDN1 is a gene that codes the protein Claudin-1. This hitherto unexplored target molecule plays a vital role in the pathology of tumors with immune-evasive properties and fibrotic diseases in multiple organs. With its bispecific antibodies and CLDN1 antibody active substance conjugates, Alentis is a CLDN1 pioneer targeting an innovative approach to modify and reverse the disease course.
Roberto Iacone, CEO at Alentis Therapeutics, commented: “There are huge unmet needs in organ fibrosis and cancer, and this funding enables us to continue with the important work we’re doing in the CLDN1 space and generate clinical data from both our programs.”
Incubator BaseLaunch supported Alentis
The founder and CEO of anchor investor Jeito Capital, Rafaèle Tordjman, is “totally convinced” of the potential of the CLDN1 biology in various areas of fibrosis and oncology. She adds that Alentis is “the leading player in the CLDN1 space.”
The Basel-based company concluded a series A funding round with 12.5 million Swiss francs in 2019. This was followed by a series B round in 2021, which raised an additional 67 million US dollars.
Alentis was supported by the incubator BaseLaunch in the early startup stages. This funding round brings the total received by BaseLaunch’s portfolio companies from investors to 550 million US dollars since the start of 2018. These figures put BaseLaunch among the absolute top biotech incubators in Europe. BaseLaunch as well as Alentis are based in the Main Campus of the Switzerland Innovation Park Basel Area.
Share this article
You may also be interested in
Genedata expanding its user network
The Japanese biopharmaceutical firm Ajinomoto is to use the Genedata solution to accelerate its drug development processes at its site...Read More
How Moderna is growing in Switzerland
The number one rule in real estate is “Location, Location, Location.” The global biotech company Moderna found its location in...Read More
Sandoz decides on Basel for headquarters
Sandoz AG will continue to have its headquarters in Basel as an independent company. The separation from Novartis is expected...Read More
VectivBio sold for approximately 1 billion dollars
The takeover of VectivBio is now being finalized: the Boston-based firm Ironwood Pharmaceuticals, which specializes in gastrointestinal medicine, has agreed...Read More
University of Basel and RocketVax present new Covid vaccine
Researchers from the University of Basel have developed a new concept for a Covid vaccine in collaboration with the biotech...Read More
Rami Swiss and Elbit Systems now manufacturing in Jura
The newly established company Rami Swiss has inaugurated a new production facility in Courtételle in the canton of Jura together...Read More