Inventprise Announces Investment Of Up To $90 Million To Advance Its 25 Valent Pneumococcal Conjugate Vaccine Candidate Into Proof-Of-Concept Clinical Trials
Inventprise Announces Investment Of Up To $90 Million To Advance Its 25 Valent Pneumococcal Conjugate Vaccine Candidate Into Proof-Of-Concept Clinical Trials
11/10/21, 11:00 AM
Location
redmondInventprise, a biotechnology company specializing in novel, affordable and highly impactful vaccines, announced today that the Bill & Melinda Gates Foundation, a global non-profit organization, has made a program-related investment in the company’s continued development of IVT-25, an investigational pneumococcal conjugate vaccine designed to prevent pneumococcal bacterial infections. Pneumonia remains the single largest infectious cause of death in children worldwide. The investment, made by the foundation’s Strategic Investment Fund, will support development activities through completion of Phase 1 and Phase 2 clinical studies to assess safety and immunological proof-of-concept. The foundation will fund up to $90 million with the successful achievement of future manufacturing, preclinical and clinical development milestones.
Company Info
Location
redmond, washington, united states
Additional Info
Inventprise is a biopharmaceutical company leveraging its innovative platform technology to develop vaccines against infectious diseases, with an initial focus on invasive pneumococcal disease. Inventprise platform technologies are designed to enable high valent vaccines to induce broad, robust, and durable protection against pathogenic strains of infectious diseases. Inventprise has a robust pipeline of investigational vaccines including candidates to prevent human papilloma virus (HPV), group B streptococcus (GBS), meningococcus and severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). Inventprise was founded by Subhash Kapre, PhD in 2012 to advance novel, affordable and highly impactful vaccines through their proprietary technology, with the initial goal of providing lifesaving interventions to low and middle-income countries. Inventprise is located in Redmond, Washington. www.inventprise.com