- Proceeds to support development of multiple novel first-in-class antibiotics

ABAC Therapeutics (ABAC), a leader in pathogen-specific antibiotics, announced today the closing of a €16 million Series A round. The financing was led by Pontifax with participation from the Global Health Science Fund (jointly established by Quark Venture Inc. and GF Securities), Caixa Capital Risc, Debiopharm Innovation Fund and the existing investor Ferrer.

     (Logo: https://mma.prnewswire.com/media/642038/ABAC_Therapeutics_Logo.jpg )

ABAC is utilizing its proprietary discovery platform PasNas to identify novel pathogen-specific antibiotics designed to selectively kill multi-drug resistant bacteria. This approach allows the pursuit of novel modes of action while minimizing the impact on normal flora and the selection of resistant strains. The technology was originally developed by founders Albert Palomer and Domingo Gargallo-Viola.

ABAC's lead program targets multi-drug resistant Acinetobacter baumannii, an increasingly fatal pathogen recently nominated by the World Health Organization as the most urgent bacterial threat for which new drugs are needed. The company intends to use the series A funds to advance its Acinetobacter program into the clinic and expand its pipeline of proprietary pathogen-specific antibiotics.

"As antibiotic resistance continues to grow, new therapeutic approaches are desperately needed," said Albert Palomer, CEO of ABAC. "Pathogen-specific antibiotics represent a novel approach for anti-infective drug development and have the potential to give rise to a completely new generation of antibiotics. We are excited to be one of the leaders in this field and are looking forward to working with the different stakeholders in order to unleash its disruptive potential."

"The time to incorporate precision medicine to the treatment of infectious diseases has arrived. The search for new target product profiles, together with the PasNas discovery platform, leads us to a new paradigm to treat infections, based on precision antibacterial agents," said Domingo Gargallo-Viola, CSO of ABAC.

Concurrent with the financing, ABAC also announced that Silvia Noiman (Pontifax), Zafrira Avnur (Quark Venture Inc. representing the Global Health Science Fund), Carlos Esteban (Caixa Capital Risc), Bea Arnold (Debiopharm Innovation Fund) and Olga Fidalgo (Ferrer) will join the board of directors alongside the founders of the company Albert Palomer and Domingo Gargallo-Viola.

About the Series A Investors

The syndicate in ABAC's Series A financing is a well-balanced mix of experienced life science investment funds and strategic pharma partners.

For further information, please visit http://www.abactherapeutics.com.

Contact (Berbés Asociados):

María Valerio / María González: +34-91-563-23-00mariavalerio@berbes.com / mariagonzalez@berbes.com

in evidenza
Portachiavi chic a forma di pino Arbre Magique contro Balenciaga


Portachiavi chic a forma di pino
Arbre Magique contro Balenciaga

Zurich Connect

Zurich Connect ti permette di risparmiare sull'assicurazione auto senza compromessi sulla qualità del servizio. Scopri la polizza auto e fai un preventivo

Abiti sartoriali da Uomo, Canali

Dal 1934 Canali realizza raffinati abiti da uomo di alta moda sartoriale. Scopri la nuova collezione Canali.

Finalità del mutuo
Importo del mutuo
Durata del mutuo
in collaborazione con
logo MutuiOnline.it
Testata giornalistica registrata - Direttore responsabile Angelo Maria Perrino - Reg. Trib. di Milano n° 210 dell'11 aprile 1996 - P.I. 11321290154

© 1996 - 2018 Uomini & Affari S.r.l. Tutti i diritti sono riservati

Per la tua pubblicità sul sito: Clicca qui


Cookie Policy

Affaritaliani, prima di pubblicare foto, video o testi da internet, compie tutte le opportune verifiche al fine di accertarne il libero regime di circolazione e non violare i diritti di autore o altri diritti esclusivi di terzi. Per segnalare alla redazione eventuali errori nell'uso del materiale riservato, scriveteci a segnalafoto@affaritaliani.it: provvederemo prontamente alla rimozione del materiale lesivo di diritti di terzi.