European startup Orbis Medicines raises $93M to develop innovative oral drugs, challenging injectables.
Orbis Medicines, a European biotech startup, has raised $93 million to develop oral peptide drugs known as macrocycles. These drugs aim to combine the benefits of traditional medicines and biologics, improving patient convenience. The company's technology can produce up to 100,000 macrocyclic compounds quickly, targeting diseases currently treated with injectable drugs. Investors include Eli Lilly and Novo Holdings, with the market for biologics expected to grow significantly by 2034.
2 months ago
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