VEDANTA BIOSCIENCES

Vedanta Announces Positive Topline Phase 2 Data for VE303 in High-Risk C. difficile Infection and Exercise of $23.8 Million Option by BARDA

Retrieved on: 
Tuesday, October 5, 2021

We believe these results are an important step forward for the prevention of C. difficile infection and the microbiome field at large.

Key Points: 
  • We believe these results are an important step forward for the prevention of C. difficile infection and the microbiome field at large.
  • Recurrent CDI causes approximately half a million infections each year in the United States, including up to 165,000 recurring infections and up to 45,000 deaths.
  • Based on the Phase 2 data, BARDA has exercised its first contract option for additional funding of $23.8 million pursuant to its existing 2020 contract with Vedanta.
  • Total committed funding under the BARDA award to date is $31.2 million, inclusive of this first contract option.

PureTech Founded Entity Vedanta Biosciences Completes $68 Million Series D Financing

Retrieved on: 
Wednesday, July 21, 2021

PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) (PureTech or the Company), a clinical-stage biotherapeutics company, announces that its Founded Entity, Vedanta Biosciences (Vedanta), completed a $68 million Series D financing and provided a pipeline update.

Key Points: 
  • PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) (PureTech or the Company), a clinical-stage biotherapeutics company, announces that its Founded Entity, Vedanta Biosciences (Vedanta), completed a $68 million Series D financing and provided a pipeline update.
  • The Series D financing was led by affiliates of Magnetar Capital.
  • The Series D financing was led by affiliates of Magnetar Capital.
  • PureTech's percentage ownership of Vedanta Biosciences following the financing is approximately 41.4% on a diluted basis.

PureTech Founded Entity Vedanta Biosciences Announces New Data from Phase 1 Study of VE202 for the Treatment of Inflammatory Bowel Disease

Retrieved on: 
Wednesday, June 30, 2021
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210630005198/en/
    PureTechs Founded Entity, Vedanta Biosciences, announced additional results from a Phase 1 study in healthy volunteers of VE202, Vedantas 16-strain live biotherapeutic product (LBP) candidate for inflammatory bowel disease (IBD).
  • (Photo: Business Wire)
    Topline data from two Phase 1 studies exploring 11- and 16-strain VE202 consortia were announced in June 2020.
  • The new data presented at IHMC summarized the long-term safety and colonization dynamics of the 16-strain version of VE202 in 31 healthy volunteers.
  • Vedanta plans to move this consortium forward to a Phase 2 study in patients with ulcerative colitis.