Vico Therapeutics
Date | Investors | Amount | Round |
---|---|---|---|
N/A | - | ||
$31.0m | Series A | ||
* | €54.0m | Series B | |
* | €11.5m | Series B | |
Total Funding | AUD159m |
Recent News about Vico Therapeutics
EditVICO Therapeutics is a cutting-edge biotechnology startup focused on developing innovative treatments for central nervous system (CNS) disorders. Founded in late 2019 by experienced entrepreneurs and renowned scientists, VICO leverages decades of knowledge and scientific expertise to create oligonucleotide-based RNA modulating therapies. These therapies aim to address rare CNS disorders, which are conditions affecting the brain and spinal cord.
The company operates in the biopharmaceutical market, specifically targeting rare and underserved neurological conditions. VICO's primary clients include patients suffering from these rare CNS disorders, healthcare providers, and potentially pharmaceutical companies interested in licensing their technologies or partnering for further development.
VICO's business model revolves around the discovery, development, and delivery of its proprietary RNA modulating therapies. The company invests heavily in research and development (R&D) to advance its therapeutic pipeline. Once a therapy shows promise, it undergoes clinical trials to ensure its safety and efficacy. Successful therapies can then be brought to market, either directly by VICO or through partnerships with larger pharmaceutical companies.
Revenue generation for VICO comes from several streams. Primarily, it earns money through the sale of its developed therapies once they receive regulatory approval. Additionally, VICO may enter into licensing agreements or partnerships with other pharmaceutical companies, providing them with access to its proprietary technologies in exchange for upfront payments, milestone payments, and royalties on sales.
The management team at VICO is composed of seasoned professionals with extensive backgrounds in molecular biology, chemistry, and drug development. This experienced team is dedicated to advancing their therapeutic programs and realizing the full potential of their innovative technologies to benefit patients.
Keywords: Biotechnology, CNS disorders, RNA therapies, Oligonucleotide, Rare diseases, Drug development, Clinical trials, Biopharmaceutical, Healthcare innovation, Therapeutic pipeline.