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The Venture Codex

Biomedtech Horizons Fund

Ground Floor, Suite 2, 155 Cremorne Street, Cremorne, VIC, 3121, Australia

Overview

MTPConnect is the Medical Technologies and Pharmaceuticals Industry Growth Centre in Australia. MTPConnect is part of the Industry Growth Centres Initiative, an industry-led approach to drive innovation, productivity and competitiveness by concentrating our investment on key industry sectors. MTPConnect will cast a commercial eye on all aspects of the medical technology and pharmaceutical industries and identify players with the ability to innovate products and services that will drive jobs in Australia.

Total investments
1
Lead investments
1
Investments · 12mo
0
Active investors
1

Sector focus

  • Biotechnology
  • Health Care
  • Medical
  • Pharmaceutical
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Investment portfolio

  • Cincera Therapeutics

    Led · Grant · Sep 2020

    Cincera Therapeutics is developing small-molecule Des-1 inhibitors designed to shift the balance between toxic and beneficial ceramide lipids (increasing dhCeramide) to produce anti-inflammatory and anti-fibrotic effects. Its lead program targets severe obesity-related conditions including NASH and aims to reduce organ fibrosis and inflammation. The company says inhibiting Des-1 has shown beneficial effects across models of liver, kidney, heart, lung and skin disease. Cincera plans further preclinical testing of its compounds in various disease models and intends to progress toward clinical testing of a once-daily, orally administered drug candidate. Founded in 2018 as a spinout from Monash Institute of Pharmaceutical Sciences and the Centre for Cancer Biology, Cincera operates in Adelaide and Melbourne. Financially, the company received a $1 million grant from the Biomedical Translation Bridge Program and previously secured a $7 million venture investment from the Medical Research Commercialisation Fund (MRCF). Cincera Therapeutics was launched to develop new therapies targeting conditions linked to unhealthy Western diets, with an initial focus on NASH. The company is developing drug‑like lead compounds that modulate enzymatic targets to reduce the abundance of specific ‘toxic’ fats and thereby address inflammation and fibrosis. Founding scientists include Associate Professor Bernard Flynn (CEO) and Professor Stuart Pitson (CSO), and the company is harnessing research from the Centre for Cancer Biology (University of South Australia/SA Pathology) and Monash University’s Institute of Pharmaceutical Sciences. Cincera’s programs emphasize potent, broad‑acting anti‑inflammatory and anti‑fibrotic agents that may address liver and kidney dysfunction and potentially certain cancers. The company launched with an AU$7 million venture capital commitment and plans to use the funds to demonstrate efficacy in disease models and optimize compounds. Management expects to select drug candidates suitable for clinical trials in three to four years.

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