Mylife Technologies Raises Us$4.0 Million To Further Develop Its Vaccine Delivery Technology Through Painless Ceramic Vaccine Patches For 'Pandemic Preparedness'
Mylife Technologies Raises Us$4.0 Million To Further Develop Its Vaccine Delivery Technology Through Painless Ceramic Vaccine Patches For 'Pandemic Preparedness'
11/12/21, 3:27 AM
Location
leidenMoney raised
$4 million
Round Type
seed
MyLife Technologies, a Dutch vaccine and drug delivery company, focusing on the development of ceramic vaccine patches for the simple, efficient and painless administration of vaccines through the skin, has raised US$4.0 million from Dutch investors Fare Capital, SAL Beheer, informal investors and its existing shareholders. This new funding enables Leiden based MyLife to start production of the vaccine patches for clinical studies and invest with partners in demonstration projects against COVID-19, HPV and in vaccine therapy against a variety of cancers. MyLife foresees a next series A investment round of an estimated US$17.5 million in early 2023 for the construction of a pilot plant and expansion of activities to the US and Asia.
Company Info
Location
leiden, south holland, netherlands
Additional Info
MyLife Technologies is based in Leiden, the Netherlands. The company started in 2012 as a spin-off of the Dutch University of Twente MESA+ research institute. The company aims to commercialize its innovative ceramic patch (Micro-Needle Array Patch) for intradermal administration of vaccines and drugs.
Made of inert ceramic material, the patch contains about a hundred microscopic needles. They only penetrate the outer skin layer, but never reach the sensitive nerves or blood vessels. This makes the application and administration of vaccines or medicines completely painless, comparable to any other skin patch. The porous structure of the patented ceramic material can hold and deliver up to 50x more vaccine material or drug substances than microneedles made of other materials.
MyLife's dermal delivery technology offers an attractive alternative to specific parenteral formulations, oral dosage forms or nasal dosage forms.
For more information, visit www.mylifetechnologies.nl