2 years ago
Mesenbio Secures £1.4 Million to Advance Stem Cell Treatment for Arthritis
Mesenbio, a University of York spin-out, has raised £1.4 million in funding to develop a novel treatment for arthritis using engineered human stem cells
The round was led by DSW Ventures and NG Bio, with additional funding from Innovate UK
The investment will enable the company to hire new staff, develop pilot manufacturing processes, conduct pre-clinical studies, and prepare for clinical trials
The treatment, based on nano-sized messengers from engineered stem cells, aims to reduce inflammation and regenerate damaged tissue.
ProblemHealthcare
"Rheumatoid arthritis is a debilitating disease affecting nearly half a million people in the UK alone, causing painful inflammation in the joints."
Solution
"Mesenbio is developing a novel treatment for arthritis using engineered human stem cells that act as nano-sized messengers to curb inflammation and regenerate damaged tissue."