Swiss biotech GlycoEra bagged $49 million from investors to develop a pipeline of therapies using its glycoengineering platform. (Getty/BrianAJackson) Veronica Gambillara Fonck, Ph.D., has been one member of a group of scientists that have followed each other across a dizzying landscape of spin offs and new ventures in vaccines R&D. Now the team has come together once again to launch the Swiss biotech GlycoEra AG with a $49 million series A. GlycoEra’s origins are enough to make your head spin. The biotech spun off from LimmaTech, which itself spun out of a GlaxoSmithKline specialist vaccines unit known as GlycoVaxyn. It you’re still with us, GlycoEra has now emerged with funding co-led by 5AM Ventures, Roche Venture Fund and Sofinnova Partners. LimmaTech also pitched in after spinning off the brand new biotech in December 2020. GlycoEra aims to use its glycoengineering platform to develop therapies for a range of diseases. The technology develops glycan structures to target glycan-mediated biological pathways. Glycans are carbohydrate structures that latch on to proteins and can be used to regulate different biological pathways in humans. RELATED: LimmaTech sets up as de facto GSK vaccine R&D unit in wake of $190M buyout Gambillara Fonck was mum on what diseases the new venture will pursue, but the technology can be used for cancer treatments and to modulate immune responses. The CEO will helm a group of veterans who have worked together for over 15 years at GlycoVaxyn and LimmaTech. At LimmaTech, Gambillara Fonck also served as chief executive and was a co-founder. She has also worked at Allergan in clinical affairs. Other co-founders include Amir Faridmoayer as chief scientific officer and Dominique Sirena as vice president of operations and technology. The three also co-founded LimmaTech.
https://www.fiercebiotech.com/biotech/veterans-from-gsk-s-glycovaxyn-rally-up-49m-to-advance-swiss-biotech-glycoera-and-custom
Veterans from GSK’s GlycoVaxyn rally up $49M to advance Swiss biotech GlycoEra
