Strong show of faith in new direction for microbiome therapies

25 April 2023

It has been a challenging first quarter for biotech financing, but a company founded by British clinical-stage biopharma firm PureTech Health (LSE: PRTC) has secured over $100 million for its work on the microbiome.

Cambridge, USA-based Vedanta Biosciences wants to create a new category of oral therapies based on defined bacterial consortia.

The company has raised the money to support what could be pivotal development work on its lead candidate, VE303, for the prevention of recurrent Clostridioides difficile infection (CDI).

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