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European Investment Bank lends €30m to Dutch biotech firm VectorY
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The European Investment Bank is lending €30 million to Dutch biotech firm VectorY Therapeutics as it develops potential treatments for ALS and other neurodegenerative diseases.
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The European Investment Bank is lending €30 million to Amsterdam-based VectorY Therapeutics to support its work on treatments for neurodegenerative diseases, including ALS, Huntington’s disease and Alzheimer’s disease.
VectorY is developing a method to deliver genetic instructions into cells in the central nervous system. The company says those instructions can prompt cells to produce engineered antibodies intended to counter disease processes. Its technology is designed to remain active for a long time after a single administration.
VectorY chief executive Jim Scibetta said the EIB’s support would help accelerate development of the company’s platform and advance potential treatments for neurodegenerative diseases.
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