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𝗠𝗲𝗺𝗼 𝗧𝗵𝗲𝗿𝗮𝗽𝗲𝘂𝘁𝗶𝗰𝘀 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝘀 𝗦𝗲𝗿𝗶𝗲𝘀 𝗖 #𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝘁𝗼 𝗖𝗛𝗙 𝟰𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻: Memo Therapeutics AG (or “MTx”) announces that it has successfully raised CHF 20 million as part of an extension of its Series C financing, bringing the total amount raised in the funding round to CHF 45 million. The new funding will be used to bolster the clinical advancement of MTx’s lead asset, AntiBKV, expanding the Phase II trial with a dose evaluation extension to be the largest BK viremia therapeutic study ever conducted in kidney transplant recipients. The disease represents a potential market in excess of $1 billion and is caused by the BK virus, which can become reactivated in immunosuppressed kidney transplant patients leading to severe complications. Initial data from the Phase II trial is expected in the first half of 2025. 𝗣𝗿𝗼𝗰𝗲𝗲𝗱𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲 𝘂𝘀𝗲𝗱 𝘁𝗼 𝗲𝘅𝗽𝗮𝗻𝗱 𝗣𝗵𝗮𝘀𝗲 𝗜𝗜 𝗼𝗳 𝗯𝗲𝘀𝘁-𝗶𝗻-𝗰𝗹𝗮𝘀𝘀 𝗮𝗻𝘁𝗶-𝗕𝗞 𝗩𝗶𝗿𝘂𝘀 𝗮𝗻𝘁𝗶𝗯𝗼𝗱𝘆 𝘁𝗼 𝗯𝗲𝗰𝗼𝗺𝗲 𝘁𝗵𝗲 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝘀𝘁𝘂𝗱𝘆 𝗲𝘃𝗲𝗿 𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗲𝗱 𝗳𝗼𝗿 𝗕𝗞 𝘃𝗶𝗿𝘂𝘀 𝗶𝗻𝗳𝗲𝗰𝘁𝗶𝗼𝗻 𝗶𝗻 𝗸𝗶𝗱𝗻𝗲𝘆 𝘁𝗿𝗮𝗻𝘀𝗽𝗹𝗮𝗻𝘁𝗮𝘁𝗶𝗼𝗻: https://lnkd.in/eG8yNE7X Erik van den Berg, Thomas Harth, Hadrien Bouchez

Memo Therapeutics increases Series C financing to CHF 45 million

Memo Therapeutics increases Series C financing to CHF 45 million

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