Cancer immunotherapies are effective in only 30% of patients. Failure in treatment is due to "cold" tumor microenvironments dominated by pro-tumorigenic tumor-associated macrophages (TAMs) that hinder the appropriate immune response. Abbmira Therapeutics aims to turn these cold tumors hot, targeting TAMs to activate anticancer immunity. The small molecule Compound42 was designed to target TAMs & proof-of-concept experiments confirm it stops cancer growth in mice. Abbmira will address an unmet biomedical need & aims to revolutionise the immuno-oncology market, estimated at $37B in 2022, growing to $169B by 2032. Abbmira's founding teamoffers 50+ years of combined experience in business, pharma, and life sciences.
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Venture Kick supports potential entrepreneurs with start capital up to CHF 150'000 as well as hands-on execution support and access to a nationwide network of investors and experts in the startup field. Multiple times per year, 8 selected projects get the opportunity to present their business ideas in front of a panel. The 5 most promising projects enter the support process. After 9 months at the latest, the startups incorporate and enter the market. Since 2007, Venture Kick has invested over CHF 58 million in over 1111 projects.
Website:
www.abbmira.com
Headquarter:
Basel
Foundation Date:
September 2024
Technology:
Sectors: