Vedanta Biosciences receives $50M for microbiome therapeutics — 5 points

Cambridge, Mass.-based Vedanta Biosciences raised $50 million in new equity investments for its therapies to modulate the human microbiome.

Here are five points:

1. The new investors include Rock Springs Capital, Invesco Asset Management, Health for Life Capital and PureTech.

2. Vedanta Biosciences will use the funding for its clinical studies in infectious and autoimmune diseases.

3. The financing will also help with developing the company's technology platform.

4. Vedanta Biosciences has already isolated human-associated bacterial strains as well as characterized how the immune system recognizes and responds to microbes.

5. The company has identified drug candidates composed of defined bacterial consortia, for infectious disease, immune tolerance, inflammation and immuno-oncology.

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