Seraxis
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $40.0m | Series C | |
* | $10.0m Valuation: $200m | Series C | |
* | $400k | Grant | |
Total Funding | $50.4m |
Recent News about Seraxis
EditSeraxis is a biotechnology company focused on developing innovative treatments for insulin-dependent diabetes. The company operates in the healthcare sector, specifically targeting patients with Type 1 diabetes who require insulin therapy. Seraxis' core product, SR 01, is a unique cell replacement therapy that combines lab-grown human islets, which are as potent as those from a healthy pancreas, with a technology that allows for the implantation of these islets without the need for immune suppression. This approach aims to provide a long-term normalization of blood glucose levels for millions of patients, eliminating the need for continuous insulin injections.
Seraxis serves a global market, primarily targeting healthcare providers, endocrinologists, and patients suffering from Type 1 diabetes. The company's business model revolves around the development, manufacturing, and clinical application of its proprietary cell replacement therapies. Revenue is generated through the sale of SR 01 therapy and potentially through partnerships and licensing agreements with other healthcare organizations.
The company is driven by a team of scientific and medical experts who are dedicated to bringing practical and effective cell therapies to the clinic. Their mission is to offer a sustainable and long-term solution for insulin-dependent diabetes, improving the quality of life for patients worldwide.
Keywords: cell therapy, insulin-dependent diabetes, Type 1 diabetes, lab-grown islets, immune suppression, healthcare, biotechnology, blood glucose normalization, SR 01, medical innovation.