10 years ago
PrEP Biopharm Secures £21 Million for Respiratory Infection Prevention
PrEP Biopharm, a UK-based developer of respiratory infectious disease products, closed a £21 million Series A financing round led by hVIVO plc and Johnson & Johnson Innovation – JJDC, Inc., with participation from U.S.-based angel investors
The funds will be used to complete ongoing phase 2a development of PrEP-001, a nasally administered, broad-spectrum agent that leverages the innate immune system to prevent upper respiratory tract viral infections
PrEP Biopharm is developing and will market infectious disease products based on intellectual property licensed in from Janssen Sciences Ireland.
ProblemHealthcare
"Millions of people suffer from colds and flus every year, and there are limited effective prevention options available. "
Solution
"PrEP-001 is a nasally administered drug that boosts the immune system to prevent upper respiratory tract viral infections. "