Press release
Affiris closes EUR 8.5 Million Financing Round
Vienna, April 6, 2006. Affiris (Vienna, Austria) raises EUR 8.5 million in series A round with MIG Funds (Munich, Germany) as sole investor. The milestone-based investment is split among three funds namely MIG Fonds 1 (EUR 1 million), MIG Fonds 3 and 4 (EUR 7.5 million).Affiris was founded by two of Austria's most experienced experts in the biotech field - Frank Mattner and Walter Schmidt - commencing its operations in April 2004. Richard Westmoreland completes the management team being responsible for finances. Schmidt furthermore is regarded as a pioneer of the new Austrian biotech scene as he together with Max L. Birnstiel and others founded Intercell in 1998, which is meanwhile listed on the Austrian Stock Exchange since February 2005.
Affiris develops tailor-made vaccines against diseases with unmet medical needs and highly attractive markets. The lead product development is a vaccine against Alzheimer´s disease. The vaccine AD-1 is based on the Affitope platform technology and is scheduled to enter into clinical trial phase I later this year. Pipeline projects are vaccines against Atherosclerosis and other indications.
CEO Walter Schmidt: "So far, our preclinical development was supported by our business angel Max L. Birnstiel and the Austrian institutions AWS - Austrian Business Service, FFG - Austrian Research Promotion Agency, ZIT - Center for Innovation and Technology and the WWFF - Vienna Business Agency. This financial support allowed us to develop the company such that we were able to acquire the MIG Funds as an investor that fully fits to our requirements. Together, we will launch our Alzheimer vaccine into the clinics and move forward our pipeline projects." Michael Motschmann, chairman of MIG Funds: "We were immediately impressed by the excellent skills of the Affiris management team and the straight forward business model. The team knows exactly how to move innovative ideas quickly into product development."
About MIG Funds:
The corporations "MIG AG & Co. Fonds 1 KG", "MIG AG & Co. Fonds 3 KG" and "MIG AG & Co. Fonds 4 KG" – all located in Munich, Germany - are investing venture capital into innovative non-listed high technology companies in return for direct shares.
Editing:
Affiris GmbH
Contact:
PR&D - Public Relations for Research & Development
Campus Vienna Biocenter 2
A 1030 Vienna, Austria
T +43 1 505 70 44
F +43 1 505 50 83
E contact@prd.at
Vienna, 6th April 2006
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Affiris closes EUR 8.5 Million Financing Round here
News-ID: 7432 • Views: …
More Releases from Public Relations for Research & Development
The Art of Survival: Private Art Collectors in the USSR
The world’s first comprehensive account of private art collections in the USSR comes from Austria and has now been published as a book. Based on rare primary sources, the book documents how private collectors – despite political repressions – "survived" the Soviet era. They collected art not in line with the official canon, thereby saving much of the country’s cultural heritage. The monograph draws on intensive research facilitated by a…
Haute Couture from the Experimental Physics Lab
A team of Austrian physicists has recently developed ultra-thin pressure sensors that can also be processed into sensitive textiles. The breakthrough came with the arrival of technology for building up a sufficiently large electrical field in polymer foams. This enabled thin-film transistors to switch in reaction to pressure. Possible applications arising from this project funded by the Austrian Science Fund FWF include ultra-thin microphones, pressure sensors for replacement skin, and…
Campus Vienna Biocenter: Training & Dissemination Centre on RNA Viruses launched
A newly established Training and Dissemination Centre (TDcentre) will contribute significantly to the rapid diffusion of scientific knowledge that is being generated by an EU-Integrated Project on RNA Viruses. The TDcentre has now launched its activities with a workshop at the Campus Vienna Biocenter on 28. June. Participants from 15 countries exchanged ideas and facts about the structural analysis of protein domains.
Integrated Projects (IP) are one of the largest EU-Research…
Is THREE more than three? Brain Research is Looking for Answers
How do we process numbers? A new project from the Austrian Science Fund – FWF hopes to find the complex answer to this seemingly simple question by building on the recent findings of a team from Innsbruck. These show that while children and adults are equally good at processing numbers, they actually use different regions of the brain to do so. The new project is now comparing the cerebral activity…
More Releases for MIG
Global MIG Welding Wire Market Research Report 2024
The global "MIG Welding Wire Market" size was valued at US$ 3.28 billion in 2024 and is projected to reach US$ 4.52 billion by 2030, at a CAGR of 5.5% during the forecast period 2024-2030.
Metal Inert Gas (MIG) welding wire is a kind of filler metal used in MIG welding, a common welding technique that uses a continuous wire feed to fuse two pieces of metal together. The wire can…
MIG Welding Robots Market Analysis and Future Prospects for 2030
The world of the mig welding robots market is a complex and ever-evolving landscape, shaped by consumer demands and technological advancements. In this report, we delve into the depths of this market to provide a profound and comprehensive analysis, catering to a diverse audience that includes manufacturers, suppliers, distributors, and investors. Our primary goal is to empower industry stakeholders with invaluable insights to make informed decisions in a rapidly changing…
Global MIG Welders Market Analysis by 2020-2025
Global Info Research offers a latest published report on MIG Welders Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global MIG Welders Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
Click to view the full report TOC, figure and tables:
https://www.globalinforesearch.com/Global-MIG-Welders_p508201.html
Market…
MIG Welding Torch Market Size, Share, Development by 2024
Global Info Research offers a latest published report on MIG Welding Torch Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global MIG Welding Torch players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the MIG Welding Torch with respect…
MIG Welding Torch Market Size, Share, Development by 2024
LP INFORMATION offers a latest published report on MIG Welding Torch Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the MIG Welding Torch market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019.…
MIG Wire Market to Witness Robust Expansion by 2025
Market Research Report Store offers a latest published report on MIG Wire Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
This report focuses on the key global MIG Wire players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the MIG Wire with respect to individual growth…
