{"id":49117,"date":"2022-10-04T11:02:30","date_gmt":"2022-10-04T09:02:30","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/sibylla-biotech-raises-e23-million-series-a-to-advance-protein-degradation-by-folding-interference-pipeline-and-expand-technology-platform\/"},"modified":"2022-10-04T11:02:30","modified_gmt":"2022-10-04T09:02:30","slug":"sibylla-biotech-raises-e23-million-series-a-to-advance-protein-degradation-by-folding-interference-pipeline-and-expand-technology-platform","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/sibylla-biotech-raises-e23-million-series-a-to-advance-protein-degradation-by-folding-interference-pipeline-and-expand-technology-platform\/","title":{"rendered":"Sibylla Biotech Raises \u20ac23 Million Series A to Advance Protein Degradation by Folding Interference Pipeline and Expand Technology Platform"},"content":{"rendered":"
\n

VERONA, Italy–(BUSINESS WIRE)–Sibylla Biotech<\/a> today announced the successful close of its \u20ac23 million Series A financing round to fund the further development of its Pharmacological Protein Inactivation by Folding Intermediate Targeting (PPI-FIT) approach, which provides access to a new class of pharmacological targets that transiently appear during the process of protein folding, and to advance its proprietary pipeline programs through preclinical evaluation. The financing from an international syndicate of specialized life science investors was led by V-Bio Ventures with participation from Seroba Life Sciences, 3B Future Health Fund, Claris Ventures, CDP Venture Capital with Evolution Fund, VI Partners, Indaco Venture Partners, as well as the company\u2019s seed investor, Vertis SGR. Concurrent with the close of the fundraising, Ward Capoen from V-Bio, Bruno Montanari from Seroba, Ciro Spedaliere from Claris Ventures, and Marianne Bjordal from 3B Future Health Fund will join Sibylla\u2019s Board of Directors.\n<\/p>\n

<\/a><\/p>\n

\n\u201cSibylla Biotech is developing small molecule degraders designed to interfere with the folding process of a selected protein by binding to the folding intermediate states, bringing a highly differentiated approach to the protein degradation field that can access a range of targets previously considered undruggable,\u201d commented Lidia Pieri, PhD, Co-Founder and Chief Executive Officer of Sibylla Biotech<\/b>. \u201cWe have gained the support of a strong group of expert investors and the capital to advance our small molecule pipeline, expand our protein folding simulation technology platform and bring additional expertise to our team. I would like to thank all Sibylla employees, founders and supporters for enabling our achievements so far.\u201d\n<\/p>\n

\nThrough the PPI-FIT approach, Sibylla Biotech designs Folding Interfering Degraders (FIDs), classical small molecules that target specific proteins, including proteins that lack druggable pockets in their native state. The company\u2019s lead candidate degrades Cyclin D1, a protein that is amplified and overexpressed in a range of cancers and which is currently considered an undruggable target. The proceeds of the Series A will allow the company to build out its pipeline of therapeutics by exploiting the protein folding simulation platform, as well as to further expand the potentiality of its technology.\n<\/p>\n

\n\u201cSibylla\u2019s novel approach has already demonstrated that it can unlock a new category of targets with the potential to translate these into a robust pipeline of small molecule candidates for an unlimited range of indications. We are excited to support Sibylla Biotech\u2019s vision to transform the protein degradation landscape,\u201d added Ward Capoen, PhD, Partner at V-Bio Ventures<\/b>.\n<\/p>\n

\n\u201cLidia and her team came together from a group of cross-disciplinary experts with the goal of developing the PPI-FIT technology. Sibylla Biotech has distinguished itself by applying ground-breaking science to solve therapeutic challenges and now they have the further validation from a group of highly experienced investors. Vertis congratulates the team on achieving this next step in their development,\u201d said Roberto Della Marina, PhD, Operating Partner at Vertis SGR<\/b>.\n<\/p>\n

\nAbout Sibylla Biotech
\n
<\/b>Sibylla is disrupting the protein degradation landscape by applying a novel mechanism of action that interferes with protein folding and thereby suppresses the expression of a disease-relevant protein. Through their protein folding simulation technology platform, Sibylla identifies relevant and previously inexplorable folding intermediates for protein targets that are currently considered undruggable in their native state. The company is developing a proprietary pipeline of small molecule folding interfering degraders (FIDs) that can address a range of therapeutic areas.\n<\/p>\n

\nAbout Sibylla Biotech\u2019s Foundation
\n
<\/b>Sibylla Biotech was established as a spin-off company based on a multidisciplinary scientific collaboration between the Italian National Institute for Nuclear Physics, the University of Trento and the University of Perugia, which together co-funded the collaboration with the Telethon Foundation ETS. Vertis SGR funded the breakthrough discovery technology resulting from the collaboration, enabling the initial validation of Sibylla\u2019s technology.\n<\/p>\n

\nFor further information:<\/b> https:\/\/www.sibyllabiotech.it\/<\/a>\n<\/p>\n

\nFor more information about Sibylla\u2019s Investors:
\n
<\/b>V-Bio Ventures: https:\/\/v-bio.ventures<\/a>
Seroba Life Sciences: https:\/\/seroba-lifesciences.com<\/a>
3BFuture Health Fund: https:\/\/3bfuturehealth.com<\/a>
Claris Venture: https:\/\/www.clarisventures.com<\/a>
CDP Venture Capital \u2013 Evolution Fund: https:\/\/www.cdpventurecapital.it\/cdp-venture-capital\/en\/fondo_evoluzione.page<\/a>
Vertis SGR: https:\/\/www.vertis.it<\/a>
VI Partners: https:\/\/www.vipartners.ch<\/a>
Indaco Venture Partners: https:\/\/www.indacosgr.com<\/a>\n<\/p>\n

\nOr visit Sibylla Biotech\u2019s investor page: https:\/\/www.sibyllabiotech.it\/investors\/<\/a>\n<\/p>\n

Contacts<\/b> <\/p>\n

\nSibylla Biotech<\/b>
Lidia Pieri
\n
+39 347 6503353
\n
lidia.pieri@sibyllabiotech.it<\/a>\n<\/p>\n

\nTrophic Communications<\/b>
Valeria Fisher or Desmond James
\n
+49 175 80 41 816 or +49 1516 7859086
\n
sibylla@trophic.eu<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

VERONA, Italy–(BUSINESS WIRE)–Sibylla Biotech today announced the successful close of its \u20ac23 million Series A financing round to fund the further development of its Pharmacological Protein Inactivation by Folding Intermediate Targeting (PPI-FIT) approach, which provides access to a new class of pharmacological targets that transiently appear during the process of protein folding, and to advance … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["entry","post","publish","author-business","post-49117","format-standard","category-industry"],"yoast_head":"\nSibylla Biotech Raises \u20ac23 Million Series A to Advance Protein Degradation by Folding Interference Pipeline and Expand Technology Platform - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/sibylla-biotech-raises-e23-million-series-a-to-advance-protein-degradation-by-folding-interference-pipeline-and-expand-technology-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sibylla Biotech Raises \u20ac23 Million Series A to Advance Protein Degradation by Folding Interference Pipeline and Expand Technology Platform - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"VERONA, Italy–(BUSINESS WIRE)–Sibylla Biotech today announced the successful close of its \u20ac23 million Series A financing round to fund the further development of its Pharmacological Protein Inactivation by Folding Intermediate Targeting (PPI-FIT) approach, which provides access to a new class of pharmacological targets that transiently appear during the process of protein folding, and to advance ... 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