Cardior Pharmaceuticals raises €15 million


In heart failure, the heart is unable to deliver the amount of blood needed by the body without increasing pressure in the atria. © Rawpixwl

Cardior Pharmaceuticals today announced the completion of a €15 million series A financing round. Cardior is pioneering its proprietary RNA technology to revolutionize predicting and treating heart failure. The main technology is based on research from the Medical School Hannover (MHH) in cooperation with the Max Planck Institute for biophysical chemistry in Göttingen, amongst others.

There has been a lack of scientific and clinical progress in the cardiovascular field for the past 15 years, and Cardior is well positioned to change this. The molecular targets, which Cardior is addressing with its technology, are non-coding RNAs linked to heart failure development that simultaneously control cardiac growth and calcium handling / contractility of cardiomyocytes. The targeting of certain specific non-coding RNAs reverses maladaptive cardiac remodeling and restores normal cardiac function.

It is a rare opportunity to develop cutting-edge science in the area of cardiovascular diseases with a high unmet medical need. I am delighted to support this exciting development and to create a novel class of drugs and companion diagnostics with the potential to prevent and overcome heart failure together with our motivated team.

Dr. Claudia Ulbrich
CEO of Cardior Pharmaceuticals

The basic patent, jointly filed by MHH and Max Planck Society, was licensed exclusively to Cardior from MHH (counselled by Ascenion) and Max Planck Innovation, the technology transfer organization of the Max Planck Society.

We are pleased to have a professional partner with Cardior to efficiently transform the licensed technology into a new medicine with high medical need.

Ulrich Mahr
Member of general management o
Max Planck Innovation GmbH

The financing round was concluded by LSP (Life Sciences Partners), Boehringer Ingelheim Venture Fund (BIVF), Bristol-Myers Squibb (BMS), BioMedPartners (with its new BioMedInvest III Fund) and High-Tech Gründerfonds (HTGF). The funding will now be used to develop a new lead compound and to quickly collect clinical data.

For more information, please visit www.cardior.de

About Max Planck Innovation

Max Planck Innovation is responsible for the technology transfer of the Max Planck Society and, as such, the link between industry and basic research. With our interdisciplinary team we advise and support scientists of the Max Planck Institutes in evaluating their inventions, filing patents and founding companies. We offer industry a unique access to the innovations of the Max Planck Institutes. Thus, we perform an important task: the transfer of basic research results into products, which contribute to the economic and social progress.
www.max-planck-innovation.de

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