Game-Changing €12 Million Investment Poised to Revolutionize Stroke Treatment

Bioxodes' Series A Funding: A Leap Towards Innovative Stroke Therapies

2 mins read
patient with iv line
Photo by Anna Shvets on

Key Takeaways:

  1. Substantial Series A Funding: Bioxodes secures €12 million in Series A funding, bolstering its mission to develop groundbreaking stroke treatments.
  2. Advancement in Clinical Trials: The investment accelerates the clinical development of Ir-CPI, a promising drug for intracerebral hemorrhage, with a phase IIa trial set to commence.
  3. Addressing a Critical Health Challenge: The development of Ir-CPI targets a significant unmet medical need in stroke treatment, offering potential for vast improvements in patient care.

Unveiling a New Chapter in Stroke Treatment

Introduction: A New Dawn in Medical Innovation

In a significant development for the global medical community, Bioxodes SA, a renowned biopharmaceutical company based in Belgium, has announced a milestone achievement in securing €12 million in Series A funding. This funding, a blend of capital and non-dilutive funding, is set to catalyze the company’s efforts in combating thrombotic and inflammatory diseases, with a special focus on stroke treatment.

See also  Revolutionizing Delivery: How a Sustainable Startup Just Raised €1.2M to Transform Urban Logistics

The Journey of Bioxodes: Pioneering in Biopharmaceuticals

Building a Legacy of Innovation

Since its inception in 2013, Bioxodes has established itself as a leader in the development of novel therapies. With its innovative approach and dedication to addressing complex health challenges, the company has successfully attracted significant investment, amounting to €39 million to date, including substantial support from Belgian investment funds and the Wallonia region.

The Ir-CPI Revolution

Breaking New Ground with Ir-CPI

A First-in-Class Drug Candidate

Ir-CPI, Bioxodes’ flagship drug candidate, represents a breakthrough in the treatment of thromboinflammatory diseases. As a first-in-class candidate, it offers a dual-action mechanism that prevents unwanted blood clot formation and neuroinflammatory events, a critical factor in treating intracerebral hemorrhage.

Addressing a Dire Medical Need

The development of Ir-CPI is particularly significant in the context of global health statistics. With strokes being the leading cause of disability and a major cause of death worldwide, the innovation behind Ir-CPI could potentially transform millions of lives. Its unique mode of action and suitability for use within the first 72 hours of a stroke event make it a beacon of hope in a field fraught with challenges.

Strategic Moves and Future Plans

A Path Forward: Clinical Trials and Beyond

Navigating through Phase IIa and Beyond

With the Series A funding in place, Bioxodes is poised to launch the phase IIa proof-of-concept clinical trial for Ir-CPI before the end of Q4, 2023. This pivotal trial will pave the way for further clinical exploration and the anticipated phase IIb efficacy trial scheduled for 2025.

Preparing for the Next Phase: Series B Funding

Laying Groundwork for Future Success

Looking ahead, Bioxodes is already strategizing for its Series B funding round in Q2, 2024. The successful completion of the upcoming clinical trials will be instrumental in attracting future investments, crucial for the company’s long-term objectives and the continued development of Ir-CPI.

See also  Eco-Friendly Startup Triumphs with £25,000 Win Against 17,000 Competitors

A Collaborative Effort: Team and Partners

Leadership and Vision

Steering Towards Success

The achievements of Bioxodes can be attributed to the visionary leadership of its CEO, Marc Dechamps, and the Chairman of the Board, Pierre Detrixhe. Their expertise and commitment have been pivotal in steering the company through various phases of growth and development.

Legal and Advisory Support

Ensuring Compliance and Guidance

Attorney at Law, Ms. Francine Messinne of CEW-Partners, plays a vital role as the legal adviser, ensuring that Bioxodes navigates the complex landscape of biopharmaceutical development with adherence to legal and ethical standards.

Conclusion: A Beacon of Hope in Stroke Treatment

As Bioxodes embarks on this new chapter, backed by substantial Series A funding, the potential impact of its drug candidate, Ir-CPI, looms large. The company’s commitment to addressing a critical health issue like stroke, coupled with its innovative approach to drug development, positions it as a key player in transforming patient care in this field.

About Bioxodes: Specializing in thrombotic and inflammatory diseases, Bioxodes is a biopharmaceutical company focused on developing novel therapies. Based in Gosselies, Belgium, the company has been a trailblazer in its field, holding both granted and pending patents related to its innovative drug candidate, Ir-CPI.

Sign up to our newsletter & get the most important monthly insights from around the world.

Ready to Amplify Your Brand with Business Today?

Discover the power of sponsored articles and partnerships to reach decision-makers, professionals, and a dynamic audience. Learn more about our advertising opportunities and connect with us today!

See also  Unleashing Software Potential: m3ter Raises $14M to Revolutionize Pricing Strategies

Click here to explore our Promotion & Sponsored Articles page.

Are you looking to make an impact? Contact us at [email protected] to get started!

See also  Eco-Friendly Startup Triumphs with £25,000 Win Against 17,000 Competitors

Business Today News is an online publication committed to delivering comprehensive and insightful coverage of the latest business news, trends, and practices. With a focus on finance, technology, entrepreneurship, and other critical areas, it serves as a valuable resource for professionals seeking to stay abreast of the rapidly evolving business landscape.

Leave a Reply

Your email address will not be published.

Latest from Blog

About is a premier online platform dedicated to providing the latest news and insights on a wide range of topics related to the business world, including technology, finance, real estate, healthcare, and more.


Copyright Unstructured.Media. All rights reserved. Explore our sitemap