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Themis Bioscience completes Series A Financing round with Crédit Agricole Private Equity and Ventech
Themis Bioscience GmbH (www.themisbio.com), an Austrian start-up biotechnology company developing novel vaccines against emerging infectious diseases with high unmet medical need announced the closing of a €5 million Series A Financing round co-led by Crédit Agricole Private Equity and Ventech.
The investment will be used to expedite the pre-clinical and clinical development activities for Themis’ lead product candidates, a Dengue and a Chikungunya Fever vaccine. Both vaccine candidates have demonstrated promising preclinical data. They are based on a novel vaccine vector technology that was initially developed at the Institut Pasteur in Paris, with which Themis collaborates.
“We are delighted to welcome Ventech and Crédit Agricole Private Equity as investors in our company. This investment will allow us to move our development projects forward at full speed and to demonstrate clinical proof-of-concept”, states Erich Tauber, CEO of Themis Bioscience.
“Themis is to develop a new generation of vaccines for emerging diseases, based on a highly promising technology and an experienced core team” adds Bruno Montanari, Director at Crédit Agricole Private Equity’s Venture Capital team.
“We are convinced that Themis and its technology platform have great potential to deliver very promising vaccine candidates that will already at early clinical stage put the company into an ideal position to become an attractive licensing partner for major pharmaceutical companies”, commented Karl Naegler, General Partner at Ventech.
Themis Bioscience was founded in Vienna in 2009 and received seed financing by the academic business incubator INiTS, the austria wirtschaftsservice (aws) and The Austrian Research Promotion Agency (FFG).