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Venture Capital News: Mithradote Bio Closes $1 Million Seed Round

2024-10-02
SAN DIEGO, CA, Mithradote Bio, a biotechnology company developing the first self-administered antidote against drink spiking, announced the closure of an oversubscribed $1 million seed round. The funding round was co-led by Taho Pharma and Vickers Venture Partners.
Mithradote Bio, a biotechnology company developing the first self-administered antidote against drink spiking, announced the closure of an oversubscribed $1 million seed round. The funding round was co-led by Taho Pharma and Vickers Venture Partners, and supported by strategic development agreements with Haorui Pharmatech for API manufacturing and Taho Pharma for an oral delivery formulation. With this funding and strategic support, Mithradote intends to advance development of M-101, a novel sublingual self-administered antidote against a spectrum of 'date-rape' drugs, and initiate another pipeline program.
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