Country for PR: United States
Contributor: PR Newswire New York
Friday, March 26 2021 - 08:39
AsiaNet
Amplicore, Inc. Announces Closing of a Successful $4M Seed Funding Round
CINCINNATI, March 26, 2021 /PRNewswire-AsiaNet/ --

Amplicore Inc. ( 
https://c212.net/c/link/?t=0&l=en&o=3106765-1&h=2384393405&u=https%3A%2F%2Fwww.amplicorepharma.com%2F&a=Amplicore+Inc 
) , an early-stage biopharmaceutical company currently developing locally 
delivered and minimally invasive therapeutic solutions for musculoskeletal 
diseases, has successfully closed its Series Seed round of funding at $4 
million. Investments were led by Photon Fund, with participation from 
Industrial Technology Investment Corporation, Berkeley Catalyst Fund, and SVE 
Capital.

Photo - https://mma.prnewswire.com/media/1474462/Amplicore_headshot.jpg 
Logo - https://mma.prnewswire.com/media/1474463/Amplicore_Logo.jpg
 
"We are very pleased to have accomplished this important milestone and to have 
such an eminent group of investors supporting our science and vision," stated 
Dr. Chia-Ying (James) Lin, Founder, President, and CEO. "These proceeds will 
enable Amplicore to complete the preclinical development of its two leading 
products, AM3101 and AM1101, and position the company for the next round of 
financing."  

Amplicore is also leveraging a study on the healing of acute meniscal tear 
after surgical repair, supported by a grant from the US Department of Defense 
(DoD). Meniscal tears are among the most common knee injuries and are 
frequently associated with sports and military injuries to the knee joint. Much 
of the meniscus is avascular tissue, and the limited blood supply to this area 
impedes the healing process, resulting in a surgical failure rate of ~25%. 
Amplicore's technology has demonstrated promising pre-clinical results as a 
potential minimally invasive and regenerative approach to managing soft tissue 
injury.

The company is also developing AM1101 as a treatment for osteoarthritis (OA) 
designed to reduce joint OA pain, inhibit cartilage degradation, and promote 
tissue regeneration of the aberrant cartilage associated with the disease. 
AM1101 addresses a large unmet medical need in the treatment OA, a debilitating 
and degenerative musculoskeletal disease.

About Amplicore, Inc.

Amplicore, Inc. is an early-stage startup Biotech company based on technology 
developed in the laboratories of Dr. Chia-Ying James Lin, the company's 
founder, at the University of Cincinnati. Headquartered in Mason, OH, the 
company is dedicated to developing novel injectable therapeutics to serve unmet 
medical needs of degenerative musculoskeletal disorders. Unlike current 
therapies that focus on the palliative treatment of these disorders, Amplicore 
is taking a regenerative approach to treat joint osteoarthritis, cartilage 
damage, degenerative disc disease, and acute meniscus tear. The company's lead 
products AM3101 and AM1101 address significant deficiencies in the current 
standard of care for the treatment of acute meniscal tear and OA, respectively. 
Our mission is to translate scientific innovation into effective but minimally 
invasive products that can be easily delivered to patients. 

SOURCE  Amplicore, Inc.  

CONTACT: info@amplicorepharma.com. 

Translations

Japanese