
Aravis and Proquest back Telormedix
Aravis Venture and Proquest Investments have invested CHF 7.5m in biotechnology company Telormedix.
The capital will allow Telormedix to further develop its product candidates through preclinical and clinical trials.
Previously, Aravis Ventures led a CHF21m funding round for Telormedix joined by Proquest in October 2008.
Company
Bioggio-based Telormedix was founded in October 2007 and is a biotechnology company specialising in treatments for cancer and autoimmune diseases. The company's product TMX-101 is currently in a phase I/II clinical trial for the treatment of non-muscle invasive bladder cancer. Telormedix is also working on the products TMX-201 and TMX-202 which can be applied as vaccine adjuvants.
People
Jean-Philippe Tripet is managing partner and founder of Aravis and Alain Schreiber is general partner at ProQuest Investments.
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