The additional investment through a convertible loan will accelerate Cipla’s participation in the mRNA spaceCipla announced that its wholly-owned subsidiary in the UK, Cipla (EU) will invest an additional EUR 3 million in Ethris, a global leader in delivering mRNAs directly to the respiratory system. The additional investment through a convertible loan will accelerate Cipla’s participation in the mRNA space.Cipla had earlier invested EUR 15 million in Ethris in 2022. The additional investment reaffirms Cipla’s confidence in Ethris’s proprietary mRNA platform and its potential for patients in emerging markets. Together, Cipla and Ethris are working towards a long-term strategic partnership to fast-track innovative mRNA-based treatments. During the COVID-19 pandemic, mRNA vaccines gained importance due to the first regulatory approvals for SARS-CoV-2. mRNA-based medicines have a huge potential in several indications as infectious disease vaccines, therapeutic cancer vaccines, and protein replacement therapies.
Umang Vohra, MD and Global CEO, Cipla, said, “The follow-on investment in Ethris will help get cutting-edge healthcare solutions like mRNA-based therapies to the Global South. As we lead Cipla ahead, we will continue to work towards building an innovative future and build brands that reinforce our ethos of ‘caring for life’.”
Dr Carsten Rudolph, CEO, Ethris, added, “The additional investment by Cipla further validates the broad potential of our platform and Ethris’ innovative approaches to developing respiratory RNA-based medicines. We deeply value this ongoing relationship to bring effective solutions to developing countries. The capital will enable us to continue advancing our pipeline and we look forward to providing an update on our lead programme in the near term.”
