Pfizer invests $25 million in Vedanta Biosciences
USA-based microbiome company Vedanta Biosciences today announced that pharma giant Pfizer (NYSE: PFE) has made a $25 million investment in the company, as part of the Pfizer Breakthrough Growth Initiative.
Vedanta, an affiliate of London-listed PureTech Health (LSE: PRTC), intends to use the proceeds to fund a Phase II study of VE202 in inflammatory bowel disease (IBD), which it plans to initiate in 2021. Top-line Phase I study data showed VE202 was generally safe and well-tolerated at all doses and demonstrated durable and dose-dependent colonization.
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