Israel

Israeli Universal Flu Vaccine Maker Receives $2.8 Million Investment

Israeli billionaire Marius Nacht is banking on Israeli bio-tech with a $2.8 million investment into BiondVax Pharmaceuticals, a clinical phase company developing a universal flu vaccine.

“This investment is a vote of confidence in BiondVax and its universal influenza vaccine candidate. We are now better positioned to complete our development plans and commercialize our vaccine worldwide,” said Ron Babecoff, BiondVax’s founder, president, and CEO.

“This strategic partnership, together with clinical results and ongoing clinical trial collaborations in Europe and the US (NIH) will enable us to proceed confidently into Phase 3 as planned,” he added.

Nacht’s Angels Investments firm will receive 33.8 million ordinary BiondVax shares on the Tel Aviv Stock Exchange. Following the transaction, Angels Investments will hold 19.99% of all issued and outstanding share capital of the company.

The healthcare and life science portfolio at Angels Investments is managed by aMoon Partners, which is co-led by Dr. Yair Schindel and Marius Nacht.

“We see great potential in BiondVax’s universal flu vaccine. We expect that this investment is the beginning of a strong partnership with BiondVax and we look forward to doing our part in helping reduce the global morbidity and mortality caused by influenza viruses,” said Dr. Yair Schindel, aMoon co-founder.

Nacht is the co-founder of computer security firm Check Point Software, one of Israel’s most successful startups, and has previously invested millions into dozens of healthcare and life sciences companies. Nacht first announced that he is creating a fund to invest in Israeli healthcare startups in November.

“We are not here to sell out, we are really here to try … and create a big company, create a financial ecosystem for healthcare companies in Israel,” he told Reuters at the time.

(via Israel21c)

[Photo: KOMUNews / Flickr ]