Immuneel Therapeutics Secures INR 100 Crore to Fuel Expansion

Immuneel Therapeutics, the biotech company founded by Kiran Mazumdar-Shaw, closed an investment round that fetched INR 100 crores ($15 million) to scale up its operations and research facilities.

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Immuneel Therapeutics was born with the vision to affect paradigm-changing transformations in the cure of cancer.

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While the names of investors in this round were not disclosed, prominent investors came out for the funding round, a fact that signals very strong market confidence in Immuneel’s mission and potential.

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This fundraise will provide Immuneel with the necessary capital to advance its pipeline of next-generation immunotherapy products.

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This successful financing round and the subsequent expansion plans will make strong impacts on the health sector, especially regarding oncology.

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The strategic activities at the company will set the stage for substantial progress in treating the dreadful cancer menace and personalized medicine, which is already aided by the recent funding.

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