Avalia Immunotherapies collapses, owes $1m to Callaghan Innovation

Dr Shivali Gulab, CEO of Avalia Immunotherapies. (Image: Avalia)

Tue, 10 Oct 2023

Liquidators have been appointed to a biotech outfit that helped produce a covid-19 vaccine after it failed to raise cash to help further its other project.Founded in 2015, Avalia Immunotherapies was a preclinical-stage biotech company attempting to develop a fully synthetic vaccine and immunotherapy platform. Its lead programme was targeting a functional cure for chronic Hepatitis B.After it couldn’t raise further funding for clinical development, Baker Tilly Staples Rodway’s Tony Maginness and Jared Booth were appointed liquid...

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