Veneno Technologies Co. Ltd. is pleased to announce that it has completed fundraising of 200 million yen through a third-party allocation of new shares to SBI Investment Co., Ltd., Tsukuba Institute of Research, Ltd., and SBI regional activation support Co., Ltd.
The funds raised will be used to strengthen the recruitment and organizational structure, to further develop the Company’s proprietary peptide drug discovery platform technology, and invest in the research and development of the Company’s own drug discovery pipeline using DRP functional peptides as basic molecules to further promote DRP drug discovery.
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Objective of the Fund Procurement
Veneno Suite™ is the Company’s proprietary integrated DRP drug discovery technology.
The Veneno Suite™ consists of a large gene library that is created by artificially accelerating the evolution of natural DRPs (Disulfide Rich Peptides) using them as templates, a screening system that enables the search for target DRPs from the library in a fast and efficient manner, and technology that enables the efficient production of various DRPs in a short period of time. With this funding, we will further refine these technologies and accelerate DRP drug discovery (pharmaceuticals, research reagents, agrochemicals, biostimulants, and various other “drugs”).
Our mission is to contribute to the advancement of medicine by providing new drugs for targets such as membrane proteins that have been difficult to discover, and for intractable diseases related to these targets. In order to fulfill this mission, we will strengthen the following points through this fundraising.