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Pharma Tech Outlook | Wednesday, June 16, 2021
OSE Immunotherapeutics received the first investment of up to 5.2 million euros from the French state through the PSPC-COVID call for projects, which is managed on behalf of the French government by Bpifrance as part of the PIA.
FREMONT, CA: OSE Immunotherapeutics, an integrated biotechnology company, recently announced that it has received public funding of 10.7 million through the Capacity Building call for projects, which is run on behalf of the French government by Bpifrance as part of the Programme d’investissements d’avenir (PIA) and the Plan France Relance, to support the continued development of its CoVepiT multi-variant vaccine program.
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Alexis Peyroles, Chief Executive Officer of OSE Immunotherapeutics, commented: “We thank the French government and Bpifrance to show once more their confidence in OSE and to support us with an additional funding that will help enlarge the clinical development of CoVepiT, subject to positive results of the Phase 1 ongoing in Belgium, with a potential expansion of further clinical trials to other European countries. In parallel, we are making great progress with our vaccine industrialisation, a critical part of its development, with in particular the manufacturing of a new clinical batch to be ready on time for launching the next clinical phases.”
In a current Phase 1 clinical trial, CoVepiT’s safety, reactogenicity, and immunogenicity are being assessed in healthy adult volunteers. CoVepiT has the capacity to create sentinel memory T cells with long-term protective impact against COVID-19, according to data from preclinical and human ex vivo research (CoVepiT 1) (CoVepiT 1). This second-generation vaccine is designed to cover all initial and novel SARS-CoV-2 variations by targeting 11 virus proteins (including Spike, M, N, and numerous non-structural proteins).
OSE Immunotherapeutics received the first investment of up to 5.2 million euros from the French state through the PSPC-COVID call for projects, which is managed on behalf of the French government by Bpifrance as part of the PIA. The CoVepiT 1 investigation and the fabrication of a clinical batch in accordance with Good Manufacturing Practices and a Phase 1 clinical trial were all supported by this financing.
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