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PYC Therapeutics

PYC Therapeutics (ASX: PYC) is a development-stage biotechnology company pioneering a new generation of RNA therapeutics

Raised 26.83M EQUITY on October 19, 2024

About

PYC Therapeutics develops RNA-based therapies for inherited retinal diseases, advancing three candidates including lead program VP-001 targeting retinitis pigmentosa type 11 (RP11).

Mission

PYC Therapeutics is advancing RNA therapies for inherited retinal disease, including a program aimed at retinitis pigmentosa type 11 (RP11). The company is progressing three therapeutic candidates, with lead candidate VP-001 positioned as a potential first treatment for RP11. RP11 is described as a form of retinitis pigmentosa that causes blindness beginning in childhood and progressing to legal blindness by middle age. To support development, PYC has launched a capital raise and has secured AU$40 million so far of an anticipated AU$74 million round. The AU$74 million target converts to roughly US$48.6 million, and the funds are intended to advance its three candidates, including VP-001.

Quick Facts

Founded

2005

Funding

EQUITY

Industry

Biotechnology

Team Size

1-10

Headquarters

Nedlands, Western Australia, Australia