Inviragen and SingVax have merged their complementary vaccine pipelines and their international product development capabilities to create a company that is developing a wide range of vaccines for infectious diseases prevalent in emerging economies. Concurrently with the merger, the combined company raised $15 million in a Series A equity investment from a syndicate of international venture capital investors, including Charter Life Sciences (Palo Alto, CA), Venture Investors (Madison, WI), Bio*One Capital (Singapore) and Phillip Private Equity (Singapore).

“Post-merger, Inviragen has three vaccines poised to begin human clinical trials,” noted Dr. Dan Stinchcomb, Inviragen Chief Executive Officer. “During the next 18 months, these clinical studies will test vaccine safety and measure the immune responses induced by these three vaccines to establish “proof-of-concept” of their efficacy.”

“Singapore is an ideal geographical base for Inviragen’s vaccine development efforts,” noted Dr. Joseph Santangelo, Chief Operating Officer. “We have easy access to the growing economies and manufacturing capabilities of greater Asia, and we have access to world-class infectious disease and biotechnology research in Singapore.”