Therapy Areas: Diabetes
Omeicos Therapeutics Closes EUR 17m Series C Financing to Advance Lead Candidate OMT-28 Towards Pivotal Trials in Atrial Fibrillation
2 November 2018 - - German biopharmaceutical company Omeicos Therapeutics has closed a EUR 17m (approx. 19.5m) Series C financing led by new investor Forbion, the company said.

Existing investors Vesalius Biocapital II S.A. SICAR, Remiges BioPharma Fund, SMS group GmbH, KFW Group, VC Fonds Technologie Berlin, High-Tech Gründerfonds II GmbH and Co. KG and The Falck Revocable Trust participated as well.

The proceeds from this round will finance PROMISE-AF, a placebo controlled, double-blinded, randomized, dose finding Phase II study on OMT-28 in maintenance of sinus rhythm after electrical cardioversion in patients with persistent atrial fibrillation.

Additionally, Omeicos will continue to drive the expansion of its pipeline into novel indications including ophthalmology, led by its US-based subsidiary Omeicos Ophthalmics.

Omeicos is developing first-in-class small molecule therapeutics for the prevention and treatment of cardiovascular and ophthalmic diseases.

The compounds are synthetic analogs of naturally occurring, but metabolically unstable, metabolites of omega-3 fatty acids that can activate anti-arrhythmic, cardio protective and anti-inflammatory pathways.

Omeicos' first-in-class small molecules can be administered orally and have shown improved biological activity and pharmacokinetic properties compared to their natural counterparts.

Atrial fibrillation is the most common type of heart arrhythmia affecting an estimated 33.5m people worldwide. Incidence is expected to increase over the next decade as life expectancy increases.

The disease is associated with significant health risks and current therapies have limited efficacy and safety.

Omeicos Ophthalmics was established in Boston, MA, USA in August 2017 to focus on a clinical development programme for Omeicos' ophthalmological drug indications. Omeicos' compounds are currently in preclinical development for macular edema disease, including wet age-related macular degeneration and diabetic retinopathy.

New treatments for wet AMD are needed to reduce the burden of repeated, frequent injections of therapeutics into the eye, and to offer more convenient routes of administration.

Meet Omeicos Therapeutics at BIO-Europe 2018 in Copenhagen: Dr. Robert Fischer, CEO of OMEICOS will give a company presentation on Tuesday, November 6th, 4: 45 pm, Cardiovascular track, Room B1

Omeicos Therapeutics is a spin-off company from the Max Delbrueck Center for Molecular Medicine in Berlin.

The company has discovered a series of metabolically robust synthetic analogues of omega-3 fatty acid-derived epoxyeicosanoids that have the potential to treat inflammatory, cardiovascular and other diseases.

Epoxyeicosanoids, as a newly described class of bioactive lipid mediators, activate cell type-specific endogenous pathways that promote organ and tissue protection.

Omeicos' small molecules are orally available and show improved biological activity and pharmacokinetic properties compared to their natural counterparts.

Omeicos' technology is based on ground-breaking scientific results in the field of omega-3 fatty acid metabolism and physiology obtained by the companies' founders, Dr. Wolf-Hagen Schunck, Prof. John. R. Falck, Prof. Dominik Mueller and Dr. Robert Fischer.

The companies' research activities are supported by a grant from the German Ministry of Education and Research. 
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