Skip to main content

Spexis receives capital commitment of 2.5 million US dollars

| News

Spexis receives capital commitment of 2.5 million US dollars


Investors have made an additional capital commitment to Spexis AG, based in the Basel Area. With an extra 2.5 million US dollars at its disposal, the biopharmaceutical firm plans to finance a Phase 3 study for its inhaled therapeutic to treat chronic infections in cystic fibrosis patients.


The biopharmaceutical company Spexis, based in Allschwil in the canton of Basel-Landschaft, has announced that it has received a capital commitment totaling 2.5 million US dollars. According to a press release, both SPRIM Global Investments and institutional investors were involved in the process. With this, funding for the upcoming Phase 3 study in ColiFin, an inhaled macrocycle therapeutic for the management of chronic infections in cystic fibrosis patients, has now been secured.

“This new capital allows us to not only initiate the COPILOT study in the third quarter, but will also allow for continued progress across start-up activities for COPA, the second part of our planned pivotal efficacy and safety Phase 3 study”, as Jeff Wager, Chairman and CEO of Spexis, explains in the press release. In Europe, the drug has been approved as a first-line therapy for lung infections since 2010. Approval is now being sought for the US market.

Spexis emerged from Polyphor

In April of this year, Spexis already secured fresh capital in the amount of 4.5 million US dollars from SPRIM Global Investments, which will enable the company to start its Phase 3 COPILOT study, the first of two planned ColiFin studies, as Spexis explains in a press release.

Spexis was formed out of the Allschwil-based biotech company Polyphor, with the change of name at the beginning of 2022 coming as a consequence of the acquisition of Polyphor by the biotech company Enbiotix, which is based in Cambridge, Massachusetts. Since this time, Enbiotix has held a stake of 75 percent in Spexis. The most promising drug candidate in the pipeline, ColiFin, comes from Enbiotix.

Share this article

Sign up to receive our newsletter in your inbox.

You may also be interested in

Nouscom secures 67.5 million euros in financing

Biotech company Nouscom has raised 67.5 million euros in a series C financing round. The Basel-based firm intends to use...
Read More

Celebrating six months of innovation: i4Challenge accelerator New Ideas 2022/2023

On the 5th of July 2023, the 3rd iteration of the i4Challenge accelerator program New Ideas came to its conclusion....
Read More

How open innovation in healthtech hubs is fueling the rise of digital healthcare

How the ever-increasing uptake of digital solutions is enhancing patient engagement, increasing access to care and lowering the cost of...
Read More

Paradigm shift in pain management

Pain is a crucial sensation for survival, but it can also drive us to depression and long-term suffering if not...
Read More

BOOM Summit in Basel accelerates health technology

The BOOM Summit at Messe Basel in April 2024 will be a completely new kind of healthcare conference. The first...
Read More

Investors stump up 3.7 million Swiss francs in Onena Medicines

Onena Medicines has secured an investment of 3.7 million Swiss francs. The portfolio company of the biotech startup incubator BaseLaunch...
Read More

Do you have a question? We'd like to hear from you.