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Forbion invests USD 2.3M in seed financing of CoviCept Therapeutics, Inc.


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Forbion, a leading European life sciences venture capital firm, today announces a $2.3m seed investment in newly formed CoviCept Therapeutics, Inc. (“CoviCept”), a California-based company that is developing a small molecule that inhibits the replication of SARS-CoV-2 (COVID-19) and other RNA viruses.
CoviCept’s lead molecule has a unique mechanism of action that is based on interference of a host cell protein and is therefore expected to have a low risk of viral resistance. It has been demonstrated to inhibit SARS-CoV-2 replication in a relevant mammalian model at a clinically relevant dose. A manufacturing process for the lead compound has been established and it has demonstrated good bioavailability and safety in humans in phase 1 studies. ....

United States , San Diego , University Of California San Diego , Philip Gordts , Jeffrey Esko , Sander Van Deventer Forbion , Sam Tsimikas , Sander Van Deventer , European Recovery Programme , Covicept Therapeutics Inc , Dutch Venture Initiative , Covicept Therapeutics , California San , Chief Executive Officer , Operating Partner , United Nations Principles , Kfw Capital , Venture Capital Fonds , Cept Therapeutics , ஒன்றுபட்டது மாநிலங்களில் , சான் டியாகோ , பல்கலைக்கழகம் ஆஃப் கலிஃபோர்னியா சான் டியாகோ , ஜெஃப்ரி எஸ்கோ , சாண்டர் வேன் டெவெண்டேர் , ஐரோப்பிய மீட்பு ப்ரோக்ராம் , டச்சு துணிகர முயற்சி ,