Funding used to step up development of its first-in-class drug candidate for the
emergency treatment of strokes
Paris, 11 July 2016 – Acticor Biotech, biotechnology company agent without bleeding risk for the emergency treatment of ischemic strokes, has just completed a €1.4 million capital increase. The funds were raised from investors via the Anaxago crowdfunding platform which is developing an anti-thrombotic (€740,000), from research association ARMESA (€500,000) and from business angels (€170,000).
Acticor Biotech’s ACT-017 drug candidate represents a major innovation in the emergency treatment of ischemic strokes. It is a first-in-class candidate that inhibits a new target protein, the glycoprotein VI, which is specifically responsible for the growth of blood clots during a stroke. ACT-017 is intended to be used alone or in combination with Alteplase®, the only emergency treatment currently available, which is given to fewer than 10% of patients in the four and a half hours after the first symptoms appearing.
The capital increase will enable Acticor Biotech to continue pre-clinical development and produce initial
batches of ACT-017.
Gilles Avenard, CEO of Acticor Biotech, said “the emergency treatment of ischemic strokes represents a
major medical need, since over 600,000 patients per year are affected in Europe. The treatment of ischemic strokes, either in combination with Alteplase® or after Alteplase®, must be without bleeding risk. In vitro and in vivo testing of ACT-017 have confirmed results already published, suggesting that we have a drug candidate that will eventually be possible to admin just after the first symptoms appear.”
Joachim Dupont, co-founder of Anaxago and director of Acticor Biotech, said “this second funding round for Acticor Biotech, organized via our platform, is 30% larger than the first round and provides further validation of the crowdfunding model for the healthcare sector. It shows the interest of investors for Acticor biotech developments in stroke treatment, and their desire to support the development of innovative solutions to major unresolved public health problems.”
According to the WHO, 23 million people around the world will suffer a stroke in 2030.
About Ischemic stroke – http://acticor-biotech.com/en/stroke/
About ACT-017 – http://acticor-biotech.com/en/technology/
About ACTICOR-BIOTECH – http://acticor-biotech.com/
Gilles Avenard – email@example.com
Annie-Florence Loyer – firstname.lastname@example.org
01 44 72 00 12 / 06 88 20 35 59
Léa Jacquin – email@example.com
01 44 71 20 41
Read next in 'Press Releases'
- Acticor reached the milestones triggering the second payment in the Research Agreement with its pharma partner Mediolanum
- Acticor Biotech has selected its Contract Research Organisation to manage Clinical Study Phase I
- Acticor Biotech Secures €1,5M new funding from CapDecisif Management
- Stroke company Acticor Biotech and Mediolanum announce a Research Collaboration Agreement
- Acticor Biotech selects Catalent GPEx® Cell Line Development Technology to develop ACT017