Arecor raises £6 million for diabetes treatments development
UK biopharma company Arecor has raised £6 million ($7.8 million) from new and existing investors to develop groundbreaking pharmaceutical drugs to transform the treatment of diabetes.
The fundraising was led by Calculus Capital, Albion Capital, and Downing Ventures. BioScience Managers Limited, the international healthcare investment firm, advised Downing Ventures.
Through the application of its technology platform, Arecor says it is creating faster working, more effective drugs that help progress the creation of the next generation of artificial pancreas systems. The company’s ultra-rapid acting insulin and ultra-concentrated insulins more closely mimic the insulin profile and response to glucose of healthy individuals, improving health outcomes and quality of life for people living with diabetes while reducing the wider costs to health services and society.
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