Oncostellae opens a round of 3.3 million with the participation of Inveready and XesGalicia

MADRID, 23 Nov.

Oncostellae opens a round of 3.3 million with the participation of Inveready and XesGalicia

MADRID, 23 Nov. (EUROPA PRESS) -

The biopharmaceutical Oncostellae has opened a round of 3.3 million euros that will be used to complete the clinical trials of two molecules for the treatment of diseases of the digestive tract, as reported this Wednesday.

Specifically, of the 3.3 million euros in the round, 1.3 million will be covered by the venture capital companies Inveready, XesGalicia, FiTalent and Unirisco, and the businessman Julio Castro, co-founder of Oncostellae.

The remaining two million euros will be completed with the online equity crowdfunding platform Capital Cell, specialized in biomedicine. The round will open on November 22.

"With the resources obtained in this round, we will complete the clinical trials to put the company in a position to license one of these two projects in 2024 or instead raise a series A, which allows it to continue developing the projects and open a second licensing scenario. in the year 2026", highlighted the CEO of Oncostellae, Guido Kurz.

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