Mimetogen Pharmaceuticals
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Spinout | ||
N/A | $848k | Early VC | |
N/A | Series A | ||
$2.0m | Series B | ||
$800k | Early VC | ||
Total Funding | AUD5.6m |
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Recent News about Mimetogen Pharmaceuticals
EditMimetogen Pharmaceuticals is a clinical stage biotechnology company specializing in the development of peptidomimetics, a novel class of compounds designed to mimic the activity of neurotrophins. These compounds are being developed to address ophthalmic diseases that currently have limited or no treatment options. The company's lead compound, MIM D3, is in a multi-center Phase 3 clinical trial in the United States for the treatment of dry eye syndrome, a condition affecting millions of people worldwide.
The company operates in the biotechnology sector, specifically focusing on ophthalmology. Its target clients include patients suffering from eye diseases such as dry eye syndrome, glaucoma, and degenerative retinal diseases like retinitis pigmentosa. Mimetogen's business model revolves around the development and commercialization of its proprietary compounds. Revenue is generated through licensing agreements, such as the one with Allergan for the development and commercialization of Tavilermide (MIM D3).
Mimetogen leverages its strong advisory board, composed of renowned experts and clinical collaborators in ophthalmology, to advance its research and development efforts. The underlying technology for its compounds was developed at McGill University and the Lady Davis Institute for Medical Research in Montreal, ensuring a robust scientific foundation.
Keywords: peptidomimetics, ophthalmic diseases, dry eye syndrome, glaucoma, retinitis pigmentosa, Phase 3 trials, biotechnology, neurotrophins, clinical stage, licensing agreements.