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Finance

Finance

Synlogic Announces Decision to Discontinue Synpheny-3 Study and Provides Corporate Update

February 8, 2024 Microbiome Times

Synlogic, Inc. (Nasdaq: SYBX), a biopharmaceutical company advancing novel therapeutics to transform the care of serious diseases, announced today the decision to discontinue Synpheny-3, its ongoing pivotal study of labafenogene marselecobac (SYNB1934) as a potential treatment […]

Finance

The combination of Novozymes and Chr. Hansen is now successfully completed, creating Novonesis

January 30, 2024 Microbiome Times

Yesterday, the proposed combination of the legacy companies Novozymes and Chr. Hansen is successfully completed, establishing the company Novonesis. Novonesis is a world-leading biosolutions partner for better business, healthier lives, and a healthier planet. The […]

Finance

Microbiome Drug Development: 2023 in review

January 19, 2024 Luis Gosálbez & Andrea Almagro

Introduction Twenty twenty three marked a difficult year for the entire biopharmaceutical sector, with reduced funding across the field. Despite this difficulty, microbiome drug development companies became more creative and collaborative than ever, with partnership […]

Finance

AOB Pharma and Maruho enter into an Exclusive License Agreement for Topical Biologic B244

January 10, 2024 Microbiome Times

AOBiome Therapeutics Inc. (“AOB”), a leading clinical-stage microbiome company focusing on inflammatory conditions, announced today that is has entered into an exclusive license and development agreement with Maruho Co., Ltd., to develop and commercialize AOB’s […]

Finance

EIB has signed €20 million in venture debt financing with microbiome health company The Akkermansia Company

December 14, 2023 Microbiome Times

The European Investment Bank (EIB) has signed a €20 million venture debt financing agreement with The Akkermansia Company, a Belgian company specialising in microbiome health, backed by the European Commission’s InvestEU initiative. Started as a spin-off […]

Finance

Freya Biosciences Announces $38 Million Funding in One of the Largest Series A Raises to Advance Women’s Reproductive Immunotherapies

December 12, 2023 Microbiome Times

COPENHAGEN, Denmark–(BUSINESS WIRE)–Freya Biosciences, a trans-Atlantic biotech company specializing in women’s health, announced today a $38 million Series A financing – one of the largest raises to advance women’s reproductive immunotherapies. Led by Sofinnova Partners […]

Finance

Ferring And Pharmabiome Enter into a New Microbiome R&D Collaboration and Exclusive Licensing Agreement

December 11, 2023 Microbiome Times

Ferring Pharmaceuticals and Zürich-based microbiome translation company PharmaBiome are today announcing a research & development collaboration to drive forward new microbiome-based biotherapeutics in the field of gastroenterology. The deal provides Ferring with exclusive rights to […]

Finance

L’Oréal acquires research firm Lactobio

December 6, 2023 Microbiome Times

L’Oréal announced that it has completed the acquisition of Lactobio, a leading probiotic and microbiome research company based in Copenhagen. The strategic acquisition builds on 20 years of advanced research by L’Oréal into the microbiome scientific […]

Finance

Eligo Bioscience Raises $30 Million To Write a Novel Chapter for Genetic Medicines

December 5, 2023 Microbiome Times

Paris, FRANCE – December 5 2023 – Eligo Bioscience, a pioneering gene-editing company focused on addressing diseases driven by the expression of bacterial genes from the microbiome, has announced a successful $30 million Series B […]

Finance

Vedanta Biosciences’ Key Microbiome Patents Fully Upheld in Three European Opposition Proceedings

November 29, 2023 Microbiome Times

Vedanta Biosciences, a clinical-stage company developing a potential new category of oral therapies based on defined bacterial consortia, today announced that the Opposition Division of the European Patent Office (EPO) has fully upheld Vedanta’s foundational […]

Finance

Boehringer Ingelheim acquires bacterial cancer therapy specialist T3 Pharma

November 22, 2023 Microbiome Times

Boehringer Ingelheim today announced the acquisition of privately-held T3 Pharmaceuticals AG (“T3 Pharma”), a clinical stage Swiss biotech company, for an amount of up to 450 million CHF. T3 Pharma has developed a proprietary therapy […]

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