SAITAMA, Japan–(BUSINESS WIRE)–Dec 23, 2020–
After a capital improve within the preliminary closing of its collection A spherical, with investments by Mitsubishi UFJ Capital and Actual Tech Fund, Epsilon Molecular Engineering Inc. (EME), a Saitama College-based biotechnology startup, just lately had its second closing. Following the preliminary closing for the collection A spherical, with Mitsubishi UFJ Capital because the lead investor, EME acquired investments from Gunma Medical Engineering Vitalization Investments, which is run by the Regional Economic system Vitalization Company of Japan (REVIC), Gunma Financial institution, and their subsidiaries, and from Kao Company. EME additionally went ahead with a subordinated mortgage from Shoko Chukin Financial institution, a mortgage from Saitama Resona Financial institution, and a lease from Syutoken Leasing Co., Ltd. Consequently, EME procured a complete of 570 million yen by way of financing, borrowing, and leasing within the collection A spherical. With these investments, EME plans to additional promote its next-generation biotechnology-based drug discovery analysis and improvement specializing in heavy chain single area antibodies, VHH.
[Comment from Naoto Nemoto, President of Epsilon Molecular Engineering Inc.]
“EME goals to find medium sized molecular bio-drugs with new modalities utilizing its proprietary VHH expertise. We are going to leverage this financing to speed up collaborative analysis with pharmaceutical producers and inner analysis utilizing its personal pipeline. We are going to particularly do our greatest to supply therapeutic prescribed drugs to deal with COVID-19 by way of collaborative analysis with Kitasato College and Kao Company.”
[Comment from Mikihiko Shinozaki, Vice-Director of the Life Sciences Division at Mitsubishi UFJ Capital]
“I’m happy that the collection A spherical ended up as successful. Because the lead investor on this spherical of financing, we wish to specific our acknowledgment to all those that have joined on this effort.
Utilizing its distinctive high-throughput screening expertise, we hope that EME will have the ability to produce safer next-generation prescribed drugs and medium sized molecular prescribed drugs with greater potencies and supply these to sufferers. Moreover, the potential of the EME crew, which has created this screening methodology and positioned it into motion, has clearly been demonstrated, as proven by the announcement that they’ve obtained a VHH that suppresses COVID-19 an infection. We are going to proceed to proactively assist EME in its efforts to make extra breakthroughs.”
[Comments from Ichiro Nakai, President of REVIC Capital, and Nobusuke Kuwahara, President of Gungin Consulting Co. Ltd.]
“EME has developed foundational expertise that may create new medication to take care of unmet medical necessities, together with infectious illnesses for which there are not any efficient therapies. This firm has already confirmed itself within the trade by way of collaborative analysis with a number of pharmaceutical producers. We assist corporations that lead regional vitalization. EME is a startup originating outdoors Tokyo that has made promising breakthroughs and holds extra promise for the longer term.”
[Comment from Executive officer and Director of the Hygiene Science Research Center at Kao Corporation, Motomitsu Hasumi]
“Going ahead, Kao Company, will assist societal contributions to guard future lives. EME, with its high-efficiency screening expertise based mostly on the evolution of molecular engineering, is a particularly essential companion to us. When growing a VHH to counteract COVID-19, the pace and adaptability of EME’s expertise enabled the corporate to acquire sequencing data inside 1 week of acquiring an antigen. Utilizing the obtained sequencing knowledge, Kao Company was capable of produce an antibody pattern in a single week utilizing protein manufacturing expertise reminiscent of enzymes cultivated by our expertise. We anticipate working along with EME going ahead to realize even better issues.”
[Comment from Fumiharu Muroga, Growth Manager at Real Tech Fund]
“Proteins are an essential structural element of residing issues. The bio trade has progressed to some extent the place it offers with proteins from an engineering perspective. EME’s proprietary biomolecule design expertise permits for creating numerous molecules reminiscent of medical antibodies, that are essential for our future. These molecules maintain promise in our efforts to resolve numerous societal points.”
EME was established as a startup originated from Saitama College in 2016 with the mission of “Creating practical biomolecules for the longer term.” The corporate creates proprietary cDNA show libraries for molecules reminiscent of VHH and cyclic peptides utilizing evolutionary molecular engineering expertise and has created a novel high-throughput system utilizing next-generation sequencing strategies reminiscent of fluorescence-activated cell sorting and synthetic intelligence. At present, EME is specializing in the drug discovery/medical fields and dealing on utilizing our proprietary expertise to find organic and medium sized molecular drug improvement candidates, in addition to use VHH in cell/gene remedy. EME is engaged in collaborative analysis and improvement based mostly on ideas from pharmaceutical producers, in addition to inner analysis and improvement utilizing its personal pipeline and early-stage collaboration with improvement companions. Just lately, EME introduced that by way of collaboration analysis with Kitasato College and Kao Company, that they had produced a VHH that may inhibit an infection by the COVID-19 virus.
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CONTACT: Akito Sekiguchi
CFO, Normal Affairs Supervisor, Epsilon Molecular Engineering Inc.
Tel +81-48-857-8880Epsilon Molecular Engineering Inc.
LaSalle Urawa, 996 Kami-okubo, Sakura-ku, Saitama metropolis, Saitama 338-0824 Japan
KEYWORD: JAPAN ASIA PACIFIC
INDUSTRY KEYWORD: MANUFACTURING NANOTECHNOLOGY PHARMACEUTICAL OTHER TECHNOLOGY RESEARCH FINANCE INFECTIOUS DISEASES BANKING GENETICS PROFESSIONAL SERVICES SCIENCE TECHNOLOGY BIOTECHNOLOGY OTHER MANUFACTURING HEALTH UNIVERSITY ENGINEERING EDUCATION
SOURCE: Epsilon Molecular Engineering, Inc.
Copyright Enterprise Wire 2020.
PUB: 12/23/2020 12:52 AM/DISC: 12/23/2020 12:52 AM
Copyright Enterprise Wire 2020.