REDWOOD Metropolis, Calif., May possibly 11, 2022–(Business enterprise WIRE)–Nuvig Therapeutics, Inc., declared currently the start of the corporation to build novel therapeutics that induce mechanisms of immune homeostasis and address autoimmune ailments devoid of compromising normal immune perform. To guidance this mission, the company has closed a $47 million Collection A financing, led by Novo Holdings A/S and Platanus, and joined by Bristol Myers Squibb, Digitalis Ventures, and Mission BioCapital.
“Modern scientific insights into mechanisms of immune regulation have led to our identification of novel therapeutic targets and protein therapeutic candidates that do not count on immune suppression but somewhat market a organic rebalancing of standard immune perform,” claimed Pamela Conley, Ph.D., Main Govt Officer and Cofounder of Nuvig Therapeutics. “Centered on preliminary preclinical info, we think Nuvig’s therapeutic approach has the opportunity to be broadly energetic in a assortment of autoimmune health conditions and could substantially enhance the overall health and over-all good quality of life relative to at present readily available therapies and merchandise in progress for clients with serious inflammatory conditions.”
Globally, hundreds of thousands of people today are influenced by inﬂammatory and autoimmune ailments, but they have minimal safe and sound and efficient treatment method alternatives. Nuvig has the opportunity to deal with this unmet need with a new comprehending of how the immune procedure in a natural way equilibrates by itself. With this knowledge, Nuvig has made protein therapeutics that are genetically engineered to activate a course of immune-regulatory receptors that re-build immune homeostasis subsequent irritation. Nuvig is developing a pipeline of differentiated protein therapeutics that precisely goal affected tissues in a ailment-certain manner and can be utilised in the context of assorted but effectively-outlined illness mechanisms.
“Nuvig was established to fundamentally change the way we tactic and handle inﬂammatory and autoimmune diseases,” said Kenneth Harrison, Ph.D., Companion at Novo Ventures. “The novel mechanism of action pursued by Nuvig does not depend on regular immune-suppressive strategies which can elevate the possibility of infection and cancer. Rather, Nuvig’s lead molecule has the potential to develop a extremely differentiated security and efficacy profile in a large array of autoimmune diseases.”
Hannah Chang, M.D., Ph.D., Taking care of Director, Platanus, concluded, “In addition to pursuing a distinctive therapeutic system of action, Nuvig is pursuing a medical advancement tactic built to promptly attain proof-of-strategy in patients with autoimmune disorder. This will be followed by indication growth with the lead molecule, as well as pipeline growth. We are fired up to assist Nuvig’s new therapeutic framework for persistent inflammatory and autoimmune conditions and search ahead to the company’s development to the clinic.”
About Nuvig Therapeutics
Nuvig Therapeutics is advancing modern and transformational therapies that are made to induce all-natural mechanisms to restore immune homeostasis, rebalance immune function next inﬂammation, and increase the procedure possibilities for people. Nuvig is making a pipeline of novel immune therapeutics for chronic inflammatory and autoimmune diseases. For much more information, go to www.nuvigtherapeutics.com.
About Novo Holdings A/S
Novo Holdings A/S is a non-public constrained legal responsibility company wholly owned by the Novo Nordisk Foundation. It is the holding business of the Novo Team, comprising Novo Nordisk A/S and Novozymes A/S, and is responsible for running the Novo Nordisk Foundation’s assets. Novo Holdings is recognised as a primary international daily life science investor, with a concentration on developing extended-phrase worth. As a life science investor, Novo Holdings presents seed and enterprise money to improvement-phase organizations and usually takes important possession positions in expansion and effectively-founded providers. Novo Holdings also manages a broad portfolio of diversified monetary belongings. For further information, go to www.novoholdings.dk. Novo Ventures is a global staff of expenditure experts that supports Novo Holdings’ investments in private and general public chances in the lifestyle sciences field. For much more data: www.novoholdings.dk/investments/ventures/.
Look at supply model on businesswire.com: https://www.businesswire.com/information/household/20220511005041/en/
Corporate: Pamela Conley, Ph.D., CEO, Nuvig Therapeutics, Inc., [email protected]
Media: Jessica Yingling, Ph.D., Minimal Pet dog Communications Inc., [email protected], +1.858.344.8091
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