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Pharma Tech Outlook | Friday, April 23, 2021
European Family Office investing in the life sciences, technology, and other industries supported the additional funding. The funds will be used to help Delta 4 expand its operations.
FREMONT, CA: Delta 4, a digital drug discovery firm that focuses on finding new targets for existing drugs, announced that it has closed a multi-million Euro Series A financing round. A major European Family Office investing in the life sciences, technology, and other industries supported the additional funding. The funds will be used to help Delta 4 expand its operations. This funding round’s specifics were not disclosed.
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“We are excited that the milestones achieved in our current discovery and development programs attracted an experienced investor in our field who will join our investor base”, said Kurt Herpel, CEO, Delta 4. “In recent months, Delta 4 has highlighted its capabilities as a drug discovery engine able to generate a short list of drug candidates just months after applying our proprietary drug discovery platform to a targeted disease. Overall, it took us less than a year from the start of the discovery program to have the most promising candidate validated in vivo and readied for clinical development. Following this financing round, we will swiftly move into additional disease areas to consistently add to our pipeline of drug compounds that we can partner with the pharmaceutical industry.”
The company revealed in 2020 that it had discovered promising drug compounds for the treatment of COVID-19 and a rare kidney disorder. These compounds have recently been prepared for Phase 2 clinical trials. Delta 4 will now broaden its therapeutic reach and begin research and development activities in new areas.
Delta 4’s drug discovery platform has been used in contract research for major pharmaceutical and biotechnology companies with great success. The platform combines advanced molecular biology and clinical development experience with in-silico drug discovery and big data analysis. Delta 4 delivers drug candidates and a mechanistic theory about the underlying mode of action, greatly enhancing their utility for pharmaceutical growth.
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