LSP portfolio company eTheRNA successfully raises EUR 34 million in Series B financing...



...to accelerate multiple mRNA therapeutic development programs through to clinical proof of concept

 

  • Advancing oncology and infectious diseases pipeline, including new SARS-CoV-2 program
  • Proprietary mRNA TriMix technology provides unprecedented immune responses
  • Ongoing clinical trials in metastatic melanoma and breast cancer
  • Proprietary LNP platform for intravenous delivery to enter clinical development in HPV-positive cancer
  • Enlarged international investor syndicate includes a new corporate investor
 
 
June 16, 2020 - Niel, Belgium: eTheRNA immunotherapies NV (‘eTheRNA’ or ‘The Company’), a clinical-stage company developing immunotherapies from its proprietary mRNA TriMix platform for the treatment of cancer and infectious diseases, today announced that it has successfully raised Euro 34 million in a Series B equity financing round. All existing investors - LSP (the Netherlands), PMV (Belgium), Boehringer Ingelheim Venture Fund (Germany), Fund+ (Belgium) and Omega Funds (USA) - are participating in the round. They are joined by Grand Decade, a BVI subsidiary owned by China Grand Pharmaceutical and Healthcare Holdings Ltd (‘GP(HK)’; HKSE Stock code 00512), BNP Paribas Fortis Private Equity (Belgium), Yijing Capital (China) and Novalis LifeSciences LLC (USA). GP(HK) and eTheRNA have also agreed outline terms for a possible exclusive strategic partnership for mRNA manufacturing, independent research and development, production and commercialization in Greater China.
 
Proceeds of the financing will fund continued development and commercialization of proprietary
mRNA technologies and a range of therapeutic products. eTheRNA’s TriMix platform is a core
differentiating component in the Company’s product programs and comprises three mRNAs
encoding proteins that act together to significantly increase immune responses. TriMix has
demonstrated broad application across major cancer types, both preclinically and clinically, offering
the prospect of therapeutic vaccines and localised tumor treatments acting synergistically with
standard of care treatments. To facilitate its product development activities eTheRNA has developed
a proprietary lipid nanoparticle (LNP) platform to enable intravenous delivery of various
(neo)antigens, which in combination with TriMix results in unprecedented immune responses. Not
only will eTheRNA start clinical development of its internal programs for intravenous mRNA delivery, the Company will also explore partnering opportunities. In infectious diseases, eTheRNA’s technologies are being deployed in an eTheRNA-led international consortium which is developing a
cross-strain protective SARS-CoV-2 mRNA vaccine for high risk populations.
 
Dr Russell Greig, Chairman eTheRNA, commented: “The growing evidence of TriMix’s robustness
and versatility as a differentiating immune stimulatory platform in a number of clinical indications
was a key factor in the successful conclusion of this new funding round. We are excited that the
current Series B financing provides eTheRNA with the opportunity to advance its oncology and
infectious diseases pipeline further into the clinic, with the primary objective being to demonstrate
clinical proof-of-concept in the near term, including for its proprietary LNP platform enabling
intravenous delivery of (neo)antigens. We are delighted with the response from both existing and
new investors. In addition, the strategic partnership with China Grand Pharma opens a wealth of
opportunities in this potentially vast market and we are looking forward to concluding this
partnership.”
 
INFORMATION FOR EDITORS
 
 
About eTheRNA immunotherapies
eTheRNA immunotherapies is a clinical-stage company developing innovative immunotherapies from its proprietary mRNA TriMix platform. TriMix comprises three mRNAs encoding proteins (caTLR4, CD40L and CD70) that deliver optimal activation of dendritic cells. These cells behave as immune response mediators and mobilize the immune system to attack cancer cells or infectious agents by inducing a strong T-cell response. eTheRNA was established in January 2013 as a spin-off from the VUB university in Belgium and is developing products for the treatment of cancer and infectious disease.
 
 
Contact information:
 
 
 
 
 
 
 
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LSP portfolio company eTheRNA successfully raises EUR 34 million in Series B financing...



...to accelerate multiple mRNA therapeutic development programs through to clinical proof of concept

 

  • Advancing oncology and infectious diseases pipeline, including new SARS-CoV-2 program
  • Proprietary mRNA TriMix technology provides unprecedented immune responses
  • Ongoing clinical trials in metastatic melanoma and breast cancer
  • Proprietary LNP platform for intravenous delivery to enter clinical development in HPV-positive cancer
  • Enlarged international investor syndicate includes a new corporate investor
 
 
June 16, 2020 - Niel, Belgium: eTheRNA immunotherapies NV (‘eTheRNA’ or ‘The Company’), a clinical-stage company developing immunotherapies from its proprietary mRNA TriMix platform for the treatment of cancer and infectious diseases, today announced that it has successfully raised Euro 34 million in a Series B equity financing round. All existing investors - LSP (the Netherlands), PMV (Belgium), Boehringer Ingelheim Venture Fund (Germany), Fund+ (Belgium) and Omega Funds (USA) - are participating in the round. They are joined by Grand Decade, a BVI subsidiary owned by China Grand Pharmaceutical and Healthcare Holdings Ltd (‘GP(HK)’; HKSE Stock code 00512), BNP Paribas Fortis Private Equity (Belgium), Yijing Capital (China) and Novalis LifeSciences LLC (USA). GP(HK) and eTheRNA have also agreed outline terms for a possible exclusive strategic partnership for mRNA manufacturing, independent research and development, production and commercialization in Greater China.
 
Proceeds of the financing will fund continued development and commercialization of proprietary
mRNA technologies and a range of therapeutic products. eTheRNA’s TriMix platform is a core
differentiating component in the Company’s product programs and comprises three mRNAs
encoding proteins that act together to significantly increase immune responses. TriMix has
demonstrated broad application across major cancer types, both preclinically and clinically, offering
the prospect of therapeutic vaccines and localised tumor treatments acting synergistically with
standard of care treatments. To facilitate its product development activities eTheRNA has developed
a proprietary lipid nanoparticle (LNP) platform to enable intravenous delivery of various
(neo)antigens, which in combination with TriMix results in unprecedented immune responses. Not
only will eTheRNA start clinical development of its internal programs for intravenous mRNA delivery, the Company will also explore partnering opportunities. In infectious diseases, eTheRNA’s technologies are being deployed in an eTheRNA-led international consortium which is developing a
cross-strain protective SARS-CoV-2 mRNA vaccine for high risk populations.
 
Dr Russell Greig, Chairman eTheRNA, commented: “The growing evidence of TriMix’s robustness
and versatility as a differentiating immune stimulatory platform in a number of clinical indications
was a key factor in the successful conclusion of this new funding round. We are excited that the
current Series B financing provides eTheRNA with the opportunity to advance its oncology and
infectious diseases pipeline further into the clinic, with the primary objective being to demonstrate
clinical proof-of-concept in the near term, including for its proprietary LNP platform enabling
intravenous delivery of (neo)antigens. We are delighted with the response from both existing and
new investors. In addition, the strategic partnership with China Grand Pharma opens a wealth of
opportunities in this potentially vast market and we are looking forward to concluding this
partnership.”
 
INFORMATION FOR EDITORS
 
 
About eTheRNA immunotherapies
eTheRNA immunotherapies is a clinical-stage company developing innovative immunotherapies from its proprietary mRNA TriMix platform. TriMix comprises three mRNAs encoding proteins (caTLR4, CD40L and CD70) that deliver optimal activation of dendritic cells. These cells behave as immune response mediators and mobilize the immune system to attack cancer cells or infectious agents by inducing a strong T-cell response. eTheRNA was established in January 2013 as a spin-off from the VUB university in Belgium and is developing products for the treatment of cancer and infectious disease.
 
 
Contact information:
 
 
 
 
 
 
 
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