VIENNA, May 21, 2024 /PRNewswire/ -- YGION Biomedical
GmbH, a company dedicated to developing individualized
neoantigen-based cancer vaccines, today announced the completion of
a Series A financing round of €15 million from an Austrian private
trust. The proceeds will be used to further develop YGION's unique
YGNITETM technology platform and advance the lead
program YG-01 into preclinical and clinical development.
Founded in 2022, YGION's high-profile team of experienced biotech
veterans and entrepreneurs are focused on developing individualized
"plug-and-play" cancer vaccines through a proprietary suite of
technologies to identify, produce and target the delivery of
relevant peptide neoepitopes resulting in safe, exceptionally
potent, and precise targeted activation of the patient's immune
system.
"We are on the cusp of a breakthrough in individualized cancer
treatments" said Dr. Wolfgang
Fischl, Chief Executive Officer of YGION. "This financing is
truly exciting for YGION as we see it as a strong validation of our
unique approach, and we are grateful for the support of our
investors enabling us to take a significant step towards clinical
validation of our technology. With the continued demonstration of
the efficacy of our approach, we are open to additional investors
and collaborators interested in our ground-breaking approach."
"We are confident that with our technology, we can realize the
promise of simple, safe and effective cancer vaccines" added Dr.
Geert Mudde, Chief Technology
Officer of YGION. "Our YGNITETM platform gives us the
unique ability to identify, select and synthesise relevant
neoantigens, and combined with our CARGONAUTTM
immune-modulating carrier induces a powerful cell-mediated tumor
specific response that targets and eliminates malignant cells with
unmatched safety."
YGION's lead program YG-01 is currently in preclinical
development.
About YGION Biomedical
YGION Biomedical is a private preclinical stage
biopharmaceutical company located in Vienna, Austria committed to realizing
individualized immunotherapies against cancer. YGION's YGNITE™
platform combines next generation sequencing, bioinformatics and
the proprietary CARGONAUT™ vaccine platform to deliver neoepitope
peptide vaccines tailored for each tumor and each patient.
For more information, visit www.ybion.bio
Contact
Sophie Zettl Ph.D.
Chief Business Officer, YGION Biomedical GmbH
sophie.zettl@ygion.bio
+43 660 573 1746
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