Freya Biosciences secures new investment to develop microbial immunotherapies for bacterial vaginosis
· News-MedicalFreya Biosciences (Freya or the Company), a transatlantic biotech company specializing in women's health, today announces a $10.4 million strategic investment from the Bill & Melinda Gates Foundation (the foundation) with $1.4 million additional financing from current investor Export and Investment Fund of Denmark (EIFO).
BV is a critically underserved condition, with prevalence among women of reproductive age between 23–29% and higher rates in certain low-and middle-income countries. Women in these regions face disproportionately high risks of preterm birth and associated complications, underscoring the global need for effective, accessible treatments. Thus, there is an urgent need to develop a therapeutic that can serve populations around the world, especially those in resource-constrained settings where the health burden is most acute.
Peter Bisgaard, Chairman of the Board of Freya Biosciences, added: “Freya’s mission is to develop innovative solutions that can transform the health outcomes for millions of women globally, including in low-resource settings. This strategic investment from the Bill & Melinda Gates Foundation empowers us to take on one of the most pressing issues in maternal and infant health – bacterial vaginosis, its associated inflammation and connection to preterm birth. We are committed to ensuring that the benefits of our breakthrough therapies extend to women everywhere.”
In connection with the financing, Chris Chen, Partner, Strategic Investment Fund at the Bill & Melinda Gates Foundation, will join the Freya Biosciences board of directors as an observer, effective immediately.
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