ELASMOGEN, the biopharmaceutical company, has announced it has secured follow-on equity investment from Deepbridge Capital totalling £2 million.
It takes Deepbridge’s total investment in Elasmogen to £3.15m. The funding will be used to accelerate the development of the company’s next generation biologics for site-specific delivery and treatment of diseases refractory to existing drug therapies.
Solomers are Elasmogen’s proprietary, humanised versions of drugs originally based on a protein found in nature which are key components of a shark’s immune system.
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