Elthera Awarded 2.5 M € Grant From Horizon 2020 Program

ZURICH, June 17, 2019 /PRNewswire/ — Elthera is pleased to announce that it has been awarded 2.5 M € through the Horizon 2020 programme. Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 flagship initiative, aimed at securing Europe’s global competitiveness. Dr. Anne Schmidt, Elthera CEO, said: “We are very pleased and honored to have received this award. This non-dilutive funding will enable the initiation of the process development and will also cover most of the cost for the manufacturing of the clinical candidates, getting us one step closer to assess the safety and efficacy in patients of anti L1CAM antibody therapy for several types of tumors, including ovarian and pancreatic cancer.”