{"id":1956,"date":"2023-03-17T12:12:55","date_gmt":"2023-03-17T12:12:55","guid":{"rendered":"https:\/\/founderlodge.com\/latest-news\/?p=1956"},"modified":"2023-03-17T12:12:57","modified_gmt":"2023-03-17T12:12:57","slug":"algotx-closes-series-b-funding-round-raises-21-1m","status":"publish","type":"post","link":"https:\/\/founderlodge.com\/latest-news\/algotx-closes-series-b-funding-round-raises-21-1m\/","title":{"rendered":"AlgoTx Closes Series B Funding Round, Raises $21.1M."},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-190.png\" alt=\"\" class=\"wp-image-1957\" width=\"147\" height=\"147\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-190.png 256w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-190-150x150.png 150w\" sizes=\"(max-width: 147px) 100vw, 147px\" \/><\/figure>\n\n\n\n<p>Suresnes, Ile-de-France, France &#8211;<a href=\"https:\/\/algotx.com\/\"> AlgoTx<\/a>, a biotechnology research company focused on developing novel solutions for complex pain, announced the successful closing of its Series B financing round with a total raise of $21,157,000. The funding was led by <a href=\"https:\/\/www.bpifrance.fr\/\">Bpifrance<\/a> and included <a href=\"https:\/\/www.omnescapital.com\/en\/\">Omnes Capital<\/a>, <a href=\"https:\/\/www.ui-investissement.com\/\">UI Investissement<\/a>, and <a href=\"https:\/\/www.turennecapital.com\/\">Turenne Groupe<\/a> as investors.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"413\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-191-1024x413.png\" alt=\"\" class=\"wp-image-1959\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-191-1024x413.png 1024w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-191-300x121.png 300w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-191-768x310.png 768w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-191.png 1042w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Founded by St\u00e9phane Thiroloix, AlgoTx is dedicated to identifying and developing innovative therapies for the treatment of chronic pain syndromes with high unmet medical needs. Its lead program ATX01 targets highly prevalent Chemotherapy-Induced Peripheral Neuropathy (CIPN) and the orphan disease erythromelalgia. This new capital will be used to advance clinical development plans for ATX01 and to expand its pipeline of drug candidates targeting chronic pain conditions.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-192.png\" alt=\"\" class=\"wp-image-1960\" width=\"971\" height=\"752\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-192.png 545w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-192-300x232.png 300w\" sizes=\"(max-width: 971px) 100vw, 971px\" \/><\/figure>\n\n\n\n<p>.<\/p>\n\n\n\n<p>\u201cWe are thrilled to have closed this Series B financing round with such prestigious investors joining our mission,&#8221; said <a href=\"https:\/\/www.linkedin.com\/in\/st%C3%A9phane-thiroloix-2083722\/\">St\u00e9phane Thiroloix<\/a>, Founder and CEO at AlgoTx. \u201cThis new capital allows us to continue our work towards advancing treatment options for individuals suffering from CIPN and other types of chronic pain.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suresnes, Ile-de-France, France &#8211; AlgoTx, a biotechnology research company focused on developing novel solutions for complex pain, announced the successful closing of its Series B financing round with a total raise of $21,157,000. The funding was led by Bpifrance and included Omnes Capital, UI Investissement, and Turenne Groupe as investors. Founded by St\u00e9phane Thiroloix, AlgoTx [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AlgoTx Closes Series B Funding Round, Raises $21.1M. - Founder Lodge Latest News AlgoTx Closes Series B Funding Round, Raises $21.1M.<\/title>\n<meta name=\"description\" content=\"Suresnes, Ile-de-France, France - AlgoTx, a biotechnology research company focused on developing novel solutions for complex pain, announced the Suresnes, Ile-de-France, France - AlgoTx, a biotechnology research company focused on developing novel solutions for complex pain, announced the successful closing of its Series B financing round with a total raise of $21,157,000. 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