Boehringer leads $10 million Refoxy funding
Refoxy Pharmaceuticals has raised 9.1 million euros ($10 million) in seed-extension financing led by Boehringer Ingelheim Venture Fund (BIVF), with support from Apollo Health Ventures and others.
The money will enable the pre-clinical-stage biotech to advance its lead program targeting idiopathic pulmonary fibrosis (IPF) and expand its proprietary FOXO3 platform to address other age-related diseases.
IPF, a chronic lung condition characterized by progressive scarring of the lungs and respiratory failure, affects around three million people globally and currently has few effective treatments.
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