According to the bank website, the Promoter is a Belgium-based clinical stage company that develops single-domain antibody-based therapies (VHH or nanobodies). The project supports the development of the company's lead product, XVR011 in COVID-19, including inter alia clinical and regulatory approvals in the EU and the US, scale-up of manufacturing operations and the research and development (R&D) activities for a sub-cutaneous formulation.
The EIB financing will support the R&D activities of the Promoter to further develop its lead candidate, XVR011, a COVID-19 therapeutic product derived from llama-derived nanobodies. The eligible investment plan incorporates R&D activities, including, inter alia, clinical trials, chemistry manufacturing activities, regulatory, and related expenses to finance the development of the product; whilst also progressing the development of an additional dosage form, a sub-cutaneous formulation, allowing for earlier intervention and thus addressing not only severe but also milder forms of the disease.
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