On 11 March, Seed Capital Bizkaia, in its aim to promote innovative business initiatives, invested in 3% of Mikrobiomik’s shares.
“It is of the utmost interest to us to support companies like Mikrobiomik. They are clear example of the promotion of the business initiatives with an innovative vocation that we seek with our investment vehicle”, says Oscar Ugarte, CEO of Seed Capital Bizkaia.
In the words of Juan Basterra, CEO of Mikrobiomik, “the entry of Seed Capital Bizkaia means that Mikrobiomik will be able to complete phase III of its leading product, MBK-01, with the aim of being the first company in the world to market the first biological medicine based on intestinal microbiota in the EU”. Furthermore, Basterra stresses, “the fact that a Regional Public Company is participating in Mikrobiomik is a vote of confidence in our project and encourages us to pursue our dream of reaching the market in the shortest possible time”.
New generation of medicines
The added value of the therapeutic treatment proposed by Mikrobiomik through the freeze-dried oral capsules of faecal microbiota means the elimination of the procedural risks of invasive methods that have been used to date, such as colonoscopy or nasoduodenal probe. With this, Mikrobiomik aims to become the first company in the world to market, at European level, the first biological medicine based on intestinal microbiota for the treatment of some serious diseases with no effective therapeutic alternative.
Mikrobiomik is a Basque biopharmaceutical company created for the research, development and manufacture of medicines based on the human microbiome. It aspires to be the first company in the world to market the first gut microbiota-based medicine in the EU. In addition, it aims to lead a paradigm shift that will involve designing therapeutic solutions based on the human microbiome, through excellence in its processes, empathising with patients without the availability of effective treatments and, always, from the perspective of collaborative work with all stakeholders in the sector.
About Seed Capital Bizkaia:
Seed Capital Bizkaia, Sociedad Gestora de Entidades de Inversión de Tipo Cerrado S.A. (S.G.E.I.C.). is a Regional Public Company attached to the Department of Economic Promotion of the Provincial Council of Bizkaia, which administers and manages various financing instruments. Seed Capital Bizkaia was founded in 1989 and for more than 30 years it has been committed to fostering innovation, social impact and the promotion and regeneration of the business fabric in Bizkaia.