Israeli startup BiomX, which is developing a treatment that selectively kills specific bacteria, last week completed a $24 million financing round. The company was founded in 2015 on the basis of research by two Weizmann Institute scientists: Dr. Eran Elinav, a specialist in microbiome – the mix of bacteria in the human body (he is also known from DayTwo, which developed an app for nutritional consultation according to a person’s individual composition of bacteria), and Professor Rotem Sorek, an expert in genetic engineering and bacterial genetics. The third founder is MIT Professor Timothy K. Lu, who specializes in genetic engineering of anti-bacterial viruses.
The round was BiomX’s first since being founded in the FutuRx incubator in Rehovot, managed by Einat Zysman. All three of the incubator’s franchise holders – the OrbiMed Israel Partners venture capital fund; Johnson & Johnson Innovation (JJDC), pharmaceutical and medical devices company Johnson & Johnson’s venture capital arm; and Takeda Ventures, the venture capital fund of Takeda Pharmaceutical Company – invested in BiomX. The new investors in the company were the Seventure fund, which specializes in microbiome investments, the Mirae fund, and Japanese fund SBI, represented in Israel by Dr. David Ben-Ami.
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