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VectivBio AG is a clinical-stage biotechnology company dedicated to developing innovative treatments for rare diseases. Established in 2019 as a spinout from Therachon, which was acquired by Pfizer, Inc., VectivBio focuses on leveraging well-defined biology to create transformational therapeutics.
Core Business: VectivBio's mission is to bring groundbreaking treatments to patients with rare and severe conditions. The company is currently advancing its lead program for short bowel syndrome, a debilitating condition that affects nutrient absorption in the intestines. This program is a testament to VectivBio's commitment to addressing unmet medical needs.
Leadership and Expertise: The company is led by a world-class team with extensive experience in rare diseases, research and development, commercialization, and business development. This leadership is crucial in driving the company's mission forward and ensuring successful outcomes for their programs.
Recent Achievements and Partnerships: Since its inception, VectivBio has made significant strides in its research and development efforts. The company continues to build a portfolio of medicines targeting rare diseases, drawing on the expertise of its founders and leveraging strategic partnerships to accelerate progress.
Financial Health: VectivBio's financial condition is robust, backed by solid funding and strategic investments that enable it to pursue its ambitious research and development goals.
Innovation and Impact: VectivBio’s work is not just about developing new treatments; it’s about making a profound impact on the lives of patients with rare diseases. The company’s focus on short bowel syndrome and other orphan conditions underscores its dedication to transforming patient care through science and innovation.
VectivBio (Nasdaq: VECT) reported significant achievements in 2022, focusing on its lead product, Apraglutide, aimed at treating severe rare gastrointestinal conditions like short bowel syndrome (SBS-IF) and acute graft-versus-host disease (aGvHD). The company expects to complete enrollment for the STARS Phase 3 study this quarter and anticipates topline data by the end of 2023. Interim results from the STARGAZE Phase 2 program will be available by the end of Q2 2023. Financially, VectivBio enhanced its position with $284 million in new funds and reported a revenue of $27.3 million for 2022 with total cash reserves of $221.4 million. The net loss for the year was $93.7 million, a slight increase from the previous year. The company is set to host a call today to discuss these results further.
VectivBio Holding AG (Nasdaq: VECT) announced that it will report financial results for the year ending December 31, 2022, and provide a business update on April 19, 2023, at 8:00 a.m. ET. The company focuses on developing treatments for severe rare conditions, with its lead product candidate, apraglutide, targeting rare gastrointestinal diseases. They are also advancing the CoMET platform for treating inherited metabolic diseases. A live webcast of the conference call will be available on their website, with an archived replay accessible for 30 days after the event.
This announcement highlights VectivBio's commitment to addressing pressing medical needs in rare conditions while providing timely updates for investors.
VectivBio Holding AG (Nasdaq: VECT) has initiated a Phase 1 clinical study examining the pharmacokinetics, pharmacological activity, safety, and tolerability of apraglutide in healthy Japanese adults. This follows an exclusive licensing agreement with Asahi Kasei Pharma for developing apraglutide, a long-acting GLP-2 analog for serious conditions like short bowel syndrome with intestinal failure and steroid-refractory acute graft-versus-host disease. VectivBio received $30 million upfront, with potential milestones exceeding $170 million and royalties on future sales. The Phase 1 study is essential for filing a marketing application in Japan.
Wouter Joustra Joins VectivBio Board of Directors
On December 9, 2022, VectivBio Holding AG (Nasdaq: VECT) announced the election of Wouter Joustra to its Board of Directors during an Extraordinary General Meeting. Joustra brings extensive capital markets experience from his role at Forbion, a leading life sciences venture capital firm, where he focuses on late-stage life sciences investments. His expertise is expected to support VectivBio's growth strategy. The company is dedicated to developing treatments for severe rare conditions, including gastrointestinal diseases and inherited metabolic disorders.
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