Regulatory News:
MaaT Pharma (EURONEXT: MAAT ? the "Company"), a clinical-stage biotechnology company and a leader in the development of Microbiome Ecosystem TherapiesTM (MET) dedicated to enhancing survival for patients with cancer, announced today that its ongoing Phase 2b trial, called Phoebus, aimed at evaluating MaaT033 to improve overall survival for patients receiving allo-HSCT2 has been selected for funding, in response to the 'Innovation in Biotherapy and Bioproduction' call for projects from the 'Biotherapies and Bioproduction of Innovative Therapies' acceleration strategy, operated by Bpifrance. (project called: METALLO1).
"We're honored to receive this funding, contributing to France's leadership in innovative biotherapies. This is consistent with announcements from the French government in accelerating production of biomedicines in France. We thank the Ministry of Industry for its support during the official opening of the new manufacturing facility constructed and operated in partnership with Skyepharma" commented Siân Crouzet, CFO of MaaT Pharma.
MaaT Pharma's MaaT033 program is an ambitious project aimed at using MaaT033 in a larger market in a chronic and ambulatory setting for patients receiving allo-HSCT2 during blood cancer treatment. MaaT Pharma is set to receive ?7.4 million in funding for a project totaling ?16.4 million over a 23-month period. The restructuring of these grants has no impact on the development of the Company's immuno-oncology program, and MaaT Pharma is advancing its preclinical and clinical activities in the field of immuno-oncology as planned.
MaaT Pharma is currently in the process of seeking other sources of debt or equity financing, or partnering transactions, to supplement its working capital requirements and finance its operating expenses beyond the second quarter of 2024, its current financial runway.
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About MaaT Pharma
MaaT Pharma, a clinical-stage biotechnology company, has established a complete approach to restoring patient-microbiome symbiosis in oncology. Committed to treating cancer and graft-versus-host disease (GvHD), a serious complication of allogeneic stem cell transplantation, MaaT Pharma has launched, in March 2022, an open-label, single-arm Phase 3 clinical trial in patients with acute GvHD, following the achievement of its proof of concept in a Phase 2 trial. Its powerful discovery and analysis platform, gutPrint®, enables the identification of novel disease targets, evaluation of drug candidates, and identification of biomarkers for microbiome-related conditions. The company's Microbiome Ecosystem Therapies are produced through a standardized cGMP manufacturing and quality control process to safely deliver the full diversity of the microbiome in liquid and oral formulations. MaaT Pharma benefits from the commitment of world-leading scientists and established relationships with regulators to support the integration of the use of microbiome therapies in clinical practice. MaaT Pharma is listed on Euronext Paris (ticker: MAAT).
Forward-looking Statements
All statements other than statements of historical fact included in this press release about future events are subject to (i) change without notice and (ii) factors beyond the Company's control. These statements may include, without limitation, any statements preceded by, followed by or including words such as "target," "believe," "expect," "aim," "intend," "may," "anticipate," "estimate," "plan," "project," "will," "can have," "likely," "should," "would," "could" and other words and terms of similar meaning or the negative thereof. Forward-looking statements are subject to inherent risks and uncertainties beyond the Company's control that could cause the Company's actual results or performance to be materially different from the expected results or performance expressed or implied by such forward-looking statements.
1Development of the first European innovative Microbiome Ecosystem Therapies in ALLO-HSCT
2Allogeneic Hematopoietic Stem Cell Transplantation
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