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Helico Raises Seed Funding For Producing Therapeutics And Medicines In Plants

Helico Raises Seed Funding For Producing Therapeutics And Medicines In Plants

05/17/22, 1:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/NZ.svgauckland
Round Type
seed
Biopharma Helico has completed an AUD $1.8 million seed funding round, attracting international interest in its plans to produce therapeutic compounds from plants and, ultimately, ‘edible medicine’.

Company Info

Company
Helico
Location
auckland, auckland, new zealand
Additional Info
However, Vensky says that the company is looking to scale up the production overseas, in Australia or US for example, where the regulatory frameworks for larger GMO production are well known. “Andritz has expertise in industrial insulin purification and insulin is Helico’s first target,” Vensky says. Helico has strong backing from the New Zealand Government’s Callaghan Innovation, which has bought into the deep-tech startup’s vision to “replace large, expensive pharmaceutical factories with growing high-value therapeutic compounds via low-tech agriculture”. Vensky says Helico is developing a proprietary computational platform for synthetic biology research using the latest modelling tools and AI-based prediction algorithms.