Laurantis Pharma Completes €5.64M Funding

Laurantis Pharma, a Turku, Finland-based privately held clinical-stage biotechnology company, has completed a €5.64m (approximately US$7.02m) funding.

Backers include Broadview Ventures, Inveni Capital, Aloitusrahasto Vera, Helsinki University Funds, and Veritas.

The company intends to use the capital for the first human trial for Lymfactin, which is a treatment for breast cancer-associated lymphedema. It uses an adenoviral vector to deliver vascular endothelial growth factor (VEGF-C) during transplantation of lymph nodes in order to avoid lymphedema.

Led by Riku Rautsola, CEO, Laurantis also develops proprietary and patent-protected formulations and applications of cis-urocanic acid, a locally acting anti-inflammatory and anti-proliferative agent for the treatment of Atopic Dermatitis, Dry Eye, Interstitial Cystitis, and Bladder Cancer.



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