Summary:
«Biotech startup Meta Pharmaceuticals sets itself an ambitious goal as it secures its initial investment. The Shenzhen-based company, which sets out to develop treatments for autoimmune diseases with the help of artificial intelligence, has raised $15 million from its seed and pre-A rounds.»
«There is no lack of investor interest in companies applying machine learning to small-molecule drug discovery. New York-based Immunai picked up $215 million last year to create an “atlas” of the human immune system. Insilico from Hong Kong recently landed $60 million despite undergoing what the CEO dubbed a “biotech winter.”»
«Meta’s technology falls under the emerging field of immuno-metabolism, which studies the relationship between the historically distinct disciplines of immunology and metabolism. Drugs created using this new method are purported to regulate the immune system more effectively with fewer side effects. Originally from southwestern China, Meta’s co-founder and CEO Xu Ke graduated from Weill Cornell Medicine and conducted research at Memorial Sloan Kettering Cancer Center, one of the top cancer hospitals in the U.S.»
Article written by Rita Liao
Photo: Getty Images
14|06|2022
Source:
TechCrunch
https://techcrunch.com/2022/06/13/meta-pharmaceuticals-funding-china-series-a/