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Varda secures this capital as drugmakers tout the potential of manufacturing in microgravity conditions to create differentiated medicines.
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Data arrives as drugmakers race to bring successors to popular obesity therapies like semaglutide and tirzepatide to market.
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Shareholders could be set for a cash reward if the biotech wins a voucher upon approval of (Z)-endoxifen.
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Tirzepatide delivers stronger real-world glycaemic and weight-loss outcomes than oral and injectable semaglutide in type 2 diabetes.
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Under the agreement, Profluent will deploy its proprietary suite of protein language models to generate new potential drug candidates.
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The regulatory decision was supported by findings from the randomised Phase III SCOUT-HCM trial in 44 adolescent patients.
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