Eveliqure secures further private investment to support development of its combined Shigella and ETEC vaccine candidate

Eveliqure Biotechnologies announced that further financing has been secured from Arax Capital Partners comprising the last instalment of a €1.7M total investment provided by Arax.

This is complemented by further private investment from Baobá and a Swiss based family office, and totals around €0.5M.

This funding will be used to further support the Phase 1 program of Eveliqure’s vaccine candidate to prevent diarrhoeal diseases caused by Shigella and Enterotoxigenic E. coli (ETEC), and follows previous private financing and the approx. € 11M non-dilutive funding from the European Union’s Research and Innovation program Horizon2020, the Wellcome Trust, and the Austrian Research Promotion Agency, FFG.

Diarrhoeal diseases remain to this day a major cause of death and illness among children under five years of age living in low- and middle-income countries. Although usually considered as a non-life-threatening condition, diarrhoeal diseases also affect up to half of the travellers visiting resource-poor countries. Two major pathogens are responsible for up to 50% of diarrhoeal diseases, Shigella and ETEC. Eveliqure’s vaccine candidate, ShigETEC, is an orally administered vaccine that induces a serotype independent protection against Shigella and that also targets ETEC, offering a broad protection against both these pathogens.

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