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Pharma Tech Outlook | Tuesday, January 05, 2021
Pepscope announced EUR 4.3 million funding that is led by KIKK Capital, together with Oost NL and the Netherlands Enterprise Agency.
FREMONT, CA: Pepscope, a Dutch biotechnology organization providing profiling technologies for groundbreaking endogenous protein kinase activity, announced a EUR 4.3 million funding round supported by KIKK Capital, together with Oost NL and the Netherlands Enterprise Agency, to further grow and commercialize its lead product, QuantaKinome.
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QuantaKinome is the first technology to offer clear insights into the activities of hundreds of protein kinases inside diseased tissue cells collectively. Pepscope is providing QuantaKinomeTM to enhance the discovery and production of novel kinase inhibitors and other therapeutic compounds for the pharmaceutical industry and academic researchers, to identify potential uses of existing compounds and, in due course, choose appropriate therapies for individual patients.
Kinase inhibitors are an essential class of targeted therapies regulated by protein kinases that exert their effects by manipulating signaling networks within cells. Nothing is known about the complex impact of drugs on these networks within tissues, despite remarkable scientific development. To fill the void, QuantaKinome is ideally positioned.
Anna Ressa, CEO and Co-founder of Pepscope, comments, "With this investment, we are fully equipped to expand our business globally and work on novel solutions for drug development with pharmaceutical partners. I am very proud of the strong and dedicated Pepscope team that brings QuantaKinome to the market."
"Pepscope solves a crucial problem with an enormous, untapped market potential," says Johan Sebregts, Managing Partner of lead investor KIKK Capital. "We are proud to join Pepscope together with our partners and bring our combined financial and business resources to the table to help the company grow."
"Pepscope has a promising solution for improving drug development, leading to personalized treatment plans and more effective care," says Thomas Hensel, Investment Manager at Oost NL. "Oost NL provides a loan to Pepscope from the new fund ION+."
"Were delighted that we can finally offer a solution for the lack of insight in kinase activities in cells and tissues," adds Jos Joore, co-founder of Pepscope, QuantaKinome is bound to transform kinase inhibitors and other therapies. "We can't wait to start making an impact on patient lives."
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