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Details:
The proceeds will be used to advance both Novome’s clinical hyperoxaluria candidate, NOV001, through an ongoing Phase 2a clinical trial and multiple Genetically Engineered Microbial Medicines (GEMMs) candidates for the potential treatment of inflammatory bowel disease (IBD).
Lead Product(s): NB1000S,NB2000P
Therapeutic Area: Gastroenterology Product Name: NOV-001
Highest Development Status: Phase I/ Phase IIProduct Type: Large molecule
Partner/Sponsor/Collaborator: Tencent
Deal Size: $43.5 million Upfront Cash: Undisclosed
Deal Type: Series B Financing September 13, 2022
Details:
NOV-001 is an investigational combination product composed of NB1000S and NB2000P. Preclinical studies of NOV001 showed consistent and robust reduction in urine oxalate levels in multiple animal models of disease.
Lead Product(s): NB1000S,NB2000P
Therapeutic Area: Gastroenterology Product Name: NOV-001
Highest Development Status: Phase I/ Phase IIProduct Type: Large molecule
Partner/Sponsor/Collaborator: Not Applicable
Deal Size: Not Applicable Upfront Cash: Not Applicable
Deal Type: Not Applicable November 17, 2021
Details:
Under the terms of the agreement, Novome will have responsibility for research activities up to initiation of IND-enabling preclinical studies for this multi-target collaboration.
Lead Product(s): Genetically Engineered Microbial Medicines
Therapeutic Area: Gastroenterology Product Name: Undisclosed
Highest Development Status: DiscoveryProduct Type: Large molecule
Partner/Sponsor/Collaborator: Genentech
Deal Size: $605.0 million Upfront Cash: $15.0 million
Deal Type: Collaboration November 10, 2021
Details:
The financing will be used to advance the company’s lead hyperoxaluria program through Phase 1 clinical proof-of-concept work, as well as to expand its (GEMMs) platform.
Lead Product(s): Undisclosed
Therapeutic Area: Nephrology Product Name: Undisclosed
Highest Development Status: DiscoveryProduct Type: Large molecule
Partner/Sponsor/Collaborator: DCVC Bio
Deal Size: $33.0 million Upfront Cash: Undisclosed
Deal Type: Series A Financing January 07, 2020