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India-US biotech startup Pandorum secures $18m series B

Pandorum Technologies, a biotech firm with operations in India and the US, has raised US$18 million in series B funding to support clinical development and manufacturing expansion.

The round was led by Protons Corporate, with investors including Galentic Pharma, Ashish Kacholia, and others.

The company develops exosome-based therapies aimed at tissue repair and disease modification.

Pandorum’s platform combines biology, engineering, and computation to create regenerative treatments for conditions such as inflammation and fibrosis.

The funding will help scale production and advance therapies like Kuragenx, which has received FDA orphan drug designation for ocular surface diseases.

🔗 Source: Pandorum Technologies

🧠 Food for thought

Implications, context, and why it matters.

Pandorum’s therapy is a “liquid cornea” designed to help address the global transplant shortage

  • The company’s lead product, Kuragenx, is a “liquid cornea” applied as drops to a damaged eye. It solidifies under visible light to form a suture-less, regenerative scaffold 1.
  • The method targets the global lack of donor corneas. An estimated 12 million people are waiting for a transplant 1.
  • In preclinical studies, the treatment restored functional corneas in animal models 1.
  • The U.S. FDA granted Orphan Drug Designation. The company expects an Investigational New Drug (IND) submission in 2025 2.

Pandorum’s manufacturing blueprint signals India’s shift to advanced biologics

  • The company is rolling out a global manufacturing plan, working with AGC Biologics (Italy) for the U.S. and European markets. It also works with Nucelion Therapeutics (India) for the Asia-Pacific region 3.
  • The partnership with Nucelion, a wholly owned subsidiary of Bharat Biotech, underscores India’s push to develop and make advanced biologic therapies beyond generics 4.
  • The funding backs an exosome-based therapies platform. These treatments use tiny, naturally released particles cells use to communicate. Pandorum plans to expand beyond ophthalmology to address systemic inflammatory and degenerative conditions in the lung, liver, and nervous system 3.

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