{"id":55193,"date":"2023-03-27T11:05:18","date_gmt":"2023-03-27T09:05:18","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/solascure-announces-final-closing-of-gbp-10-9m-c-usd-13-3m-series-b-fundraise-to-advance-wound-care-innovation\/"},"modified":"2023-03-27T11:05:18","modified_gmt":"2023-03-27T09:05:18","slug":"solascure-announces-final-closing-of-gbp-10-9m-c-usd-13-3m-series-b-fundraise-to-advance-wound-care-innovation","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/solascure-announces-final-closing-of-gbp-10-9m-c-usd-13-3m-series-b-fundraise-to-advance-wound-care-innovation\/","title":{"rendered":"SolasCure Announces Final Closing of GBP 10.9m (c. USD 13.3m) Series B Fundraise to Advance Wound Care Innovation"},"content":{"rendered":"
\n

\nFunding will support the development of Aurase Wound Gel and progress toward further Phase II clinical trials of innovative wound debriding enzyme<\/i>\n<\/p>\n

CAMBRIDGE, England–(BUSINESS WIRE)–SOLASCURE Ltd (SolasCure), a biotechnology company developing a hydrogel containing a recombinant enzyme derived from maggots which aims to accelerate wound debridement, has announced the completion of its GBP 10.9m (c. USD 13.3m) Series B investment round. The funding round was led by Seneca Partners and also included industry veterans, institutional venture and strategic investors, including BRAIN Biotech AG, EVA Pharma, Jonathan Milner, and Wealth Club.\n<\/p>\n

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

\nSolasCure\u2019s first investigational product, Aurase Wound Gel, a hydrogel containing an enzyme cloned from medical maggots which aims to accelerate wound debridement, is due to enter further Phase II efficacy-supporting trials. The next phase of trials will include a larger and more diverse patient group compared to the Phase IIa safety study. The Company is hopeful that the results will continue to demonstrate how its innovative technology supports healthcare professionals treating patients with chronic wounds.\n<\/p>\n

\nThe pre-clinical trial results of SolasCure\u2019s Aurase Wound Gel, published in the International Wound Journal<\/a>, showed preliminary evidence that supports its new enzymatic debridement product for use in chronic wounds. The enzyme is shown to have a good safety profile, both locally and systemically, which opens up a large therapeutic window. This has permitted SolasCure under regulatory review to test the enzyme on real patients with ulcers. SolasCure recently completed its CLEANVLU proof-of-concept first-in-man Phase IIa safety study examining the use of Aurase Wound Gel in chronic venous leg ulcer subjects. Results are now being collated and analysed, and more information will be available in the near future.\n<\/p>\n

\nDr Sam Bakri, Founder & CEO, SolasCure, said:<\/b> \u201cWe would like to thank investors in our Series B round for continuing to support us as we progress our clinical development programme and focus on developing the efficacy of Aurase Wound Gel. We are excited to be working with such an experienced team, whose specialist knowledge is greatly valued in our mission to support healthcare professionals with wound care products that significantly improve outcomes for patients with chronic wounds.\u201d<\/i>\n<\/p>\n

\nMatthew Currie, Investment Director, Seneca Partners, added: <\/b>\u201cWe are delighted to continue to support SolasCure through its latest funding round, following the impressive progress and positive results to date shown by the Aurase Wound Gel. We recognise great potential in the Company and support its mission to develop a potentially disruptive medical product that could displace its main competitor and achieve global commercial market success.\u201d<\/i>\n<\/p>\n

\nSolasCure was founded in 2017 as a spin-off from BRAIN Biotech AG, a leading German biotech company focused on harnessing biological diversity to develop innovative solutions.\n<\/p>\n

\nAdriaan Moelker, CEO, BRAIN Biotech, commented:<\/b> \u201cWe have been very pleased with the progress made by SolasCure during the clinical trial towards bringing this truly meaningful solution to patients. Our commitment to the Company is unchanged and we were happy to participate in the latest funding round.\u201d<\/i>\n<\/p>\n

\nFor more information about SolasCure, please visit: https:\/\/solascure.com\/<\/a>\n<\/p>\n

\nENDS<\/b>\n<\/p>\n

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

\nZyme Communications<\/b>
Katie Odgaard
\n
Zyme Communications
\n
Tel: +44(0)7787 502 947
\n
Email: katie.odgaard@zymecommunications.com<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Funding will support the development of Aurase Wound Gel and progress toward further Phase II clinical trials of innovative wound debriding enzyme CAMBRIDGE, England–(BUSINESS WIRE)–SOLASCURE Ltd (SolasCure), a biotechnology company developing a hydrogel containing a recombinant enzyme derived from maggots which aims to accelerate wound debridement, has announced the completion of its GBP 10.9m (c. … [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":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-55193","6":"format-standard","7":"category-industry"},"yoast_head":"\nSolasCure Announces Final Closing of GBP 10.9m (c. 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