Bio4Dreams’ first partial exit from ChemiCare
In February 2024, Bio4Dreams completed its first partial exit from the innovative SME ChemiCare. The exit generated a 9.5x return on investment and was finalized as part of a new capital increase of 500 thousand euros, set to conclude at the end of september. This increase has already seen the entry of Bridge4Pharma into the company’s capital.
ChemiCare develops modulators of the Store-Operated Calcium Entry (SOCE) as a therapy for calcium-related diseases; it was incubated and invested in by Bio4Dreams in 2021 and has raised over 1 million euros since its establishment, considering both capital increases and grants received.
Since 2022, the EMA has granted two orphan drug designations to ChemiCare’s CIC-39 molecule for the treatment of a group of rare genetic diseases related to calcium alterations and for Duchenne muscular dystrophy.
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