Hyd: Utopia Therapeutics secures $1.5M investment for developing obesity vaccine
The announcement was made at the BIO International Convention 2025.
The proceeds from this round of funding will accelerate the preclinical development of the vaccine, a lead immunotherapeutic candidate targeting obesity, the startup company said in a release here.
The novel vaccine is designed to reduce fat accumulation and improve metabolic health by targeting lipid-associated antigens.
This investment will also support the advancement of regulatory toxicology studies, IND-enabling milestones, and Phase I human clinical trials of the vaccine.
Whale Tank Biocatalyst Fund has committed over USD 1.5 million in cumulative investment toward Utopia's therapeutic and consumer health pipeline.
The collaboration includes full development funding for UT009, a first-in-class preventive vaccine for obesity and fatty liver disease. UNI KNR SSP
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
41 minutes ago
- Mint
Traders Look Beyond Euro for Next Round of Short Dollar Bets
(Bloomberg) -- Traders are seeking alternatives to the euro when shorting the dollar as they look to capitalize on expectations for further weakness in the US currency. Long euro positions against the greenback remain in favor due to optimism over increased defense spending in the single-currency region. Traders though are looking to bet currencies such as the Chinese yuan, Australian dollar and South Korean won will strengthen versus their US peer on expectations the Federal Reserve will resume interest-rate cuts and as American exceptionalism fades. Dollar-yuan option trading volume on the Depository Trust & Clearing Corp. climbed to a one-month high last week with investors paying a premium to speculate on downside moves in the pair versus upside ones. Volumes in Australian dollar call options, which gain if the currency rises against the greenback, were nine times greater than puts, data from the Chicago Mercantile Exchange Group's central limit order book showed July 1. 'The most recent demand in FX options has been a play in USD/CNH lower via dollar put digitals,' as well as other downside option structures, said Mukund Daga, head of foreign-exchange options for Asia at Barclays Bank in Singapore. 'This has been on the back of the most recent truce pact' that US President Donald Trump has signed with China, he said. A put digital option refers to a strategy that offers a fixed payout if the currency pair falls below a predetermined level when it expires. There's also an increased interest in bullish option structures for the Korean won, Daga said. Hedge funds are betting the won may replicate the Taiwan dollar's surge in early May, when the central bank allowed its currency to appreciate to help reach a trade deal with the US. The removal of political uncertainty in South Korea may also help support the won. What Bloomberg Strategists Said... 'A weaker dollar and a steady, gradually appreciating yuan have underpinned KRW gains in recent weeks despite tariff risks. From a valuations lens, the won remains competitive. Its real effective exchange rate is still cheap relative to historical averages, leaving room for further appreciation without threatening export dynamics.' — Mary Nicola, Macro Strategist, Singapore While long euro trades are still popular, interest in the Australian dollar is growing, according to Troy Fraser, head of foreign-exchange sales for Australia and New Zealand at Citigroup Inc.. 'We have seen interest mainly from hedge fund clients to put on AUD/USD topside in the short tenors over the past few weeks,' he said. One currency that traders appear less enthusiastic about is the yen. Appetite for long positions in the currency cooled after it tumbled versus the dollar in parts of May and June. 'USD/JPY short has certainly been a widow-maker,' said Antony Foster, head of Group-of-10 spot trading at Nomura International Plc in London. 'There are trade talks and politics involved which, once resolved, might help USD/JPY revert lower again, but whilst the risk is there, people are reluctant to really involve themselves.' More stories like this are available on
Economic Times
41 minutes ago
- Economic Times
Travel Food Services IPO subscribed 5% on day 1; Check GMP, price band and key details
On its debut, Travel Food Services' IPO garnered a modest 2% subscription, with retail investors showing slightly more interest at 3%. Non-institutional investors accounted for 1% of the uptake, while participation from Qualified Institutional Buyers is still awaited. Previously, the company secured Rs 599 crore from anchor investors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads About Travel Food Services IPO About the company The initial public offering (IPO) of Travel Food Services was subscribed 5% by 12:03 pm on the first day of bidding, Monday, July issue received bids for 6.25 lakh shares against 1.34 crore shares on offer. The retail investor portion was subscribed 8%, followed by 3% subscription in the non-institutional investor (NII) category. Qualified Institutional Buyers (QIBs) were yet to participate at the time of reporting. The employee reserved quota saw a 25% of the public issue, the company raised Rs 599 crore from anchor investors by allocating 54,43,635 equity shares at Rs 1,100 apiece on Friday, July anchor investors include ICICI Prudential Mutual Fund, Abu Dhabi Investment Authority, Axis Mutual Fund, Kotak Mutual Fund, HDFC Life Insurance , Fidelity, SBI General Insurance, and Tata AIA Life Insurance, among company has set the price band for the IPO at Rs 1,045 to Rs 1,100 per share. The issue is a 100% offer for sale (OFS), with no fresh equity being can place bids for a minimum of 13 equity shares and in multiples of 13 per the offer structure, 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors , and 15% for Non-Institutional Investors (NIIs).Promoted by UK-based SSP Group plc and the Kapur Family Trust, Travel Food Services operates India's largest airport food and lounge network, with 413 outlets, of which 384 are located at airports across 14 Indian cities. It also runs 37 airport lounges, including 28 private ones, making it the largest lounge operator in company also operates internationally at three airports—two in Malaysia and one in Hong FY25, Travel Food Services reported a 27.4% year-on-year rise in profit to Rs 379.7 crore, while revenue grew 20.9% to Rs 1,687.7 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
43 minutes ago
- Time of India
Travel Food Services IPO subscribed 5% on day 1; Check GMP, price band and key details
The initial public offering (IPO) of Travel Food Services was subscribed 5% by 12:03 pm on the first day of bidding, Monday, July 7. The issue received bids for 6.25 lakh shares against 1.34 crore shares on offer. The retail investor portion was subscribed 8%, followed by 3% subscription in the non-institutional investor (NII) category. Qualified Institutional Buyers (QIBs) were yet to participate at the time of reporting. The employee reserved quota saw a 25% subscription. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Brought to you by Undo Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% Ahead of the public issue, the company raised Rs 599 crore from anchor investors by allocating 54,43,635 equity shares at Rs 1,100 apiece on Friday, July 4. Notable anchor investors include ICICI Prudential Mutual Fund, Abu Dhabi Investment Authority, Axis Mutual Fund, Kotak Mutual Fund, HDFC Life Insurance , Fidelity, SBI General Insurance, and Tata AIA Life Insurance, among others. Live Events About Travel Food Services IPO The company has set the price band for the IPO at Rs 1,045 to Rs 1,100 per share. The issue is a 100% offer for sale (OFS), with no fresh equity being issued. Investors can place bids for a minimum of 13 equity shares and in multiples of 13 thereafter. As per the offer structure, 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors , and 15% for Non-Institutional Investors (NIIs). About the company Promoted by UK-based SSP Group plc and the Kapur Family Trust, Travel Food Services operates India's largest airport food and lounge network, with 413 outlets, of which 384 are located at airports across 14 Indian cities. It also runs 37 airport lounges, including 28 private ones, making it the largest lounge operator in India. The company also operates internationally at three airports—two in Malaysia and one in Hong Kong. Travel Food Services financials In FY25, Travel Food Services reported a 27.4% year-on-year rise in profit to Rs 379.7 crore, while revenue grew 20.9% to Rs 1,687.7 crore.
