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Vedanta Receives Cash Injection To Proceed With Microbiome-Derived Pipeline

 
• By Jo Shorthouse

Vedanta’s latest financing allows it to push three of its microbiome-based drug candidates further into the clinic, with big name partners such as BMS and Janssen onboard.

Dollar bills

Vedanta Biosciences Inc., a UK biotech that is developing a new category of therapies for immune-mediated diseases based on human microbiome-derived bacteria, has raised $27m in a Series C financing.

The cash injection will be used to advance a Phase 1/2 study of VE416 in food allergy, a Phase 1b/2 study of VE800 and Opdivo (nivolumab) in advanced or metastatic cancers, and the recently initiated Phase II

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