Pfizer led the Series B extension with an investment through its Pfizer Breakthrough Growth Initiative. This initiative provides biotech companies with funding and access to Pfizer’s scientific expertise to support the most promising clinical development programs. Besides Pfizer and existing investors, Walleye Capital and Asabys Partners also participated in the additional financing round.
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Major Pfizer-led financing boost for Agomab (Flanders)
Agomab gains highly valuable investors with this Series B extension as well as funding that will support the company’s development and future growth. Pfizer adds an extra layer of support with its deep expertise in the development of innovative treatments and its specific knowledge of our targets and indications.
The freshly raised capital will be used to support the clinical evaluation of Agomab’s product candidates. It will also help to further expand the company’s product pipeline and organizational structure. Since its inception in 2017, Agomab has been developing therapies to repair damaged human tissue. Currently, the biotech company’s most advanced research involves a therapy for intestinal fibrosis.
Agomab is a highly innovative company. Its product pipeline holds promise to resolve fibrotic processes in a range of indications where there is a very high unmet medical need. We are proud to support its mission to help deliver new treatments for patients, and we look forward to bringing our expertise to help achieve it.
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