129 0 Kommentare MaaT Pharma, Leader in Development of Microbiome-Based Therapies in Oncology, Awarded Government Funding for Clinical Development of MaaT033 as part of the France 2030 Plan

Regulatory News:

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MaaT Pharma (EURONEXT: MAAT – the “Company”), a clinical-stage biotechnology company and a leader in the development of Microbiome Ecosystem Therapies^TM (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.

About France 2030

Translates a dual ambition: to durably transform key sectors of France’s economy (energy, automotive, health, aerospace, and space) through technological and industrial innovation and to position France not only as a participant but as a leader in the world of tomorrow. From fundamental research to the emergence of an idea and through to the production of a new product or service, France 2030 supports the entire lifecycle of innovation up to its industrialization.
Is unprecedented in its scope: 54 billion euros will be invested to ensure that French companies, universities, and research organizations fully succeed in their transitions in these strategic sectors. The goal is to enable them to competitively address the ecological challenges and attractiveness of the coming world and to foster the emergence of future champions in our fields of excellence to strengthen French sovereignty and independence in key sectors. 50% of the expenses will be dedicated to decarbonizing the economy, and 50% will be allocated to emerging actors, promoting innovation without any significant adverse impact on the environment (in accordance with the Do No Significant Harm principle).
Will be implemented collectively: the plan is designed and deployed in consultation with economic, academic, local, and European stakeholders who have contributed to defining both the strategic directions and flagship actions. Project leaders are invited to submit their applications through open, rigorous, and selective procedures to benefit from state support.
Is overseen by the General Secretariat for Investment on behalf of the Prime Minister and implemented by the Agency for Ecological Transition (ADEME), the National Research Agency (ANR), Bpifrance, and the Caisse des Dépôts et Consignations (CDC).