Anergis Closes Financing Round Totaling CHF 8 M07.02.2014 12:40
Anergis, a company discovering and developing proprietary allergy vaccines, today announced the closing of a financing round totaling CHF 8 million. The financing was fully subscribed by existing investors and directors and was co-lead by Sunstone Capital, BioMedInvest and Renaissance PME/Vinci Capital.
Anergis will use the proceeds to further advance the clinical development of its lead product AllerT, a vaccine to treat birch pollen allergy, and to advance two additional vaccine candidates against house dust mite and ragweed allergies. For AllerT, the funds will specifically allow the preparation of Phase III trials and the conduct of a long-term efficacy follow-up trial of patients who participated in the recently completed fieldbased Phase II study. The results from this second follow-up season are expected to be available in the third quarter of 2014.
“Our investors have reconfirmed their confidence in our company, our technology platform and our lead allergy vaccine candidate AllerT,” said Vincent Charlon, CEO of Anergis. “With AllerT, we have already demonstrated the efficacy of our technology under conditions of natural allergen exposure, as required in pivotal trials designed for regulatory approval. We now look forward to advancing our next allergy vaccine candidates for patients with house dust mite and ragweed allergies.”
“We are very impressed by the recent Phase II results of Anergis´ lead compound AllerT,” added Jacques-François Martin, Chairman of Anergis´ Board of Directors. "We believe that the company´s COP allergy vaccines may well become the next generation of allergy desensitization vaccines. We are particularly encouraged by the fact that immunology data collected in patients treated with AllerT showed persisting allergen-specific IgG4 elevations four seasons after completing an ultra-fast 2-month treatment in our Phase I/IIa trial."
Anergis SA is a Swiss-based biopharmaceutical company specializing in the discovery and development of novel, proprietary allergy vaccines that target commercially attractive indications. Anergis´ vaccines are based on its IP-protected Contiguous Overlapping Peptide (COP) technology. Allergies are the most prevalent and fastest growing chronic conditions in the industrialized world affecting over 500 million people. Anergis’ lead-product AllerT, a vaccine to treat birch pollen allergies, is due to enter Phase III clinical development in 2014. Two additional vaccine candidates against ragweed pollen allergies (AllerR) and house dust mite allergies (AllerDM) are in preclinical development. Anergis has raised over CHF 30 million from Renaissance PME/Vinci Capital, Sunstone Capital, BioMedInvest and other investors, including Esperante Ventures and Initiative Capital Romandie/Defi Gestion.