Latest Opal Therapeutics News
Jun 27, 2013
OPAL Therapeutics Inc, Immunotherapy Start Up, Raises $US6m Series A to target HIV and Hepatitis C. 19 / 12 / 2005 Opal Therapeutics Inc., an immunotherapy development company targeting HIV and Hepatitis C, raises $6 million Series A financing. The company raised the funds from an international syndicate led by GBS Venture Partners, Melbourne, Australia. Other members of the syndicate are Alloy Ventures, Alta Partners, and Uniseed. OPAL is an immunotherapy development company focusing on novel therapies for HIV and Hepatitis C (HCV) based on a proprietary technology from the University of Melbourne. The company is incorporated in Delaware with preclinical operations in Australia and California. HIV and HCV are chronic viral infections inadequately treated by current therapies. Cellular immunity has an important role in the progression of both diseases, however, current treatments have generally failed to induce strong cellular immune responses. OPAL has developed a unique approach to generate high levels of cellular immune responses for the treatment of chronic infection. The Series A funding will be used initially to extend the company's intellectual property, hire staff, and manufacture the preclinical materials. It will support preclinical safety and efficacy studies and phase I human clinical trials in HIV. The founding scientist, Dr Stephen Kent, at the University of Melbourne, is a thought leader in HIV immunology. Dr Kent said his team have developed the novel treatment with outstanding effectiveness in generating strong cellular responses in extensive in vivo laboratory studies in animal models. "This funding will be used initially to refine the OPAL technology through final preclinical development and into clinical trials in humans. " Kent said. "This is a very exciting day for us. OPAL will develop a technology with the potential to provide a new treatment for a very large population of people with HIV and HCV. " Kent said. "In HIV the OPAL technology is intended to complement existing therapies and allow patients to live longer with fewer side effects and generate less drug resistance. In HCV the OPAL technology is intended to complement existing therapies and has the potential to provide an effective treatment for the large group of patients who do not respond to current therapies. " OPAL uses short peptides from the target virus to generate a strong immune response so patients can improve control of the infection. The peptides are mixed ex vivo (outside the body) with blood where they bind to immune cells and are then distributed to all parts of the body to stimulate the immune response. Kent said "It has long been known cellular immune responses have the potential to change the course of an infection. OPAL's new products have the potential to achieve what other therapies generally fail to do - and that is to generate significant cellular immunity and control viremia. "
Opal Therapeutics Frequently Asked Questions (FAQ)
Where is Opal Therapeutics's headquarters?
Opal Therapeutics's headquarters is located at Melbourne.
What is Opal Therapeutics's latest funding round?
Opal Therapeutics's latest funding round is Series A.
How much did Opal Therapeutics raise?
Opal Therapeutics raised a total of $6M.
Who are the investors of Opal Therapeutics?
Investors of Opal Therapeutics include UniSeed, Alloy Ventures, Alta Partners, GBS Venture Partners and University of Melbourne.
Who are Opal Therapeutics's competitors?
Competitors of Opal Therapeutics include CoImmune, Intarcia Therapeutics, Profectus BioSciences, Okairos, Aldagen and 7 more.
Compare Opal Therapeutics to Competitors
Profectus Biosciences is a technology based vaccine company devoted to the treatment and prevention of chronic viral diseases. The Company's name, Profectus, when translated from its Latin roots, means"to advance or improve". The Company's proof of concept target is human immunodeficiency virus (HIV) with an intermediate term focus on hepatitis C virus (HCV).
Panacos is developing anti-infective products through discovery and development of small molecule oral drugs for the treatment of HIV and other major human viral diseases. Per the company, Panacos' proprietary discovery technologies are designed to combat resistance by focusing on novel targets in the virus life cycle, including virus maturation and virus fusion.
CoImmune is a company that focuses on the development and manufacture of cell-based therapeutics, operating within the healthcare and biotechnology sectors. The company's main offerings include treatments for unmet medical needs such as cancer, autoimmune, and inflammatory diseases. It was founded in 1997 and is based in Durham, North Carolina. CoImmune operates as a subsidiary of Genexine and SCM Lifescience.
Intarcia Therapeutics operates as a biopharmaceutical company. The company develops and commercializes therapies to transform the prevention and management of chronic diseases. The company was founded in 1995 and is based in Boston, Massachusetts.
Humanetics is a clinical-stage pharmaceutical company engaged in developing and commercializing products to enhance human health and well-being in markets with urgent and unmet needs. It has a focus on radiation modulators for oncology, medical imaging, and medical countermeasure uses. The company develops BIO 300, a selective modulator of inflammation, cell cycle arrest, and DNA damage repair. Humanetics was founded in 1988 and is based in Minneapolis, Minnesota.
Koronis Pharma develops antiviral therapeutics based on Viral Decay Acceleration, which exploits the strength of a virus to target its collapse.