Spanish biotech ALLOX has closed a €9.4 million ($10.5 million) seed round, led by Asabys with participation from Spanish and Catalan public investors, to expand its experimental biology and AI platform for targeting “difficult-to-drug” protein-protein interactions and gene-regulating transcription factors. The company has also appointed former Novo Holdings executive Morten Graugaard as independent chair of its board.
With the separation from the biobank service business, Hamburg-based Indivumed has repositioned itself as a therapeutics biotech. Its earlier work remains the core of its medical knowledge and the source of novel targets. To advance the already pre-validated selection more quickly, the company is now looking for partners. The response has been strong, say Matthias Evers and Hartmut Juhl in conversation with European Biotechnology Magazine.