Allogenetics–Schnieders F: management, 202409– CEO before Lampseq Diagnostics + Provecs Medical

	Period	2024-09-01
	Organisation	Allogenetics GmbH
	Organisation 2	Lampseq Diagnostics GmbH
	Product	immunology
	Product 2	transplantation
	Person	Schnieders, Frank (Allogenetics 202409– CEO before Lampseq Diagnostics + Provecs Medical)
	Person 2	Blasczyk, Rainer (MHH 202409 Professor + Director of ITT + Co-Founder of Allogenetics)

Allogenetics GmbH. (9/2/24). "Press Release: The Future of Organ Transplantation Receives a Significant Boost. Allogenetics GmbH Successfully Completes Its First Funding Round, Securing €3.4 Million in Financing".

The Future of Organ Transplantation Receives a Significant Boost: Allogenetics GmbH Successfully Completes Its First Funding Round, Securing €3.4 Million in Financing

The round was led by NBank Capital, the subsidiary of the Investment and Development Bank of Lower Saxony (NBank), as joint lead investor along with the Carma Fund and several business angels.

Many people die after a transplant due to the severe side effects of taking immunosuppressants. These drugs prevent the body from rejecting the foreign organ, however at the same time, by suppressing the patient´s immune defenses, they open the door to deadly diseases like infections and cancer. To make the use of immunosuppressants dispensable, the Allogenetics GmbH team aims to genetically modify the organs prior to transplantation so that they are no longer attacked by the immune system.

The goal of the spin-off from the Hannover Medical School (MHH) is to sustainably improve the quality of life for transplant patients by decreasing their risk of contracting deadly illnesses. Allogenetics' first-in-class therapeutic makes up a completely new approach to solving the problem of organ rejection and creates immunological invisibility of the donor organ. This disruptive innovation offers a new dimension in organ transplantation: invisible organs instead of lifelong immunosuppression.

The founders are Prof. Dr. Rainer Blasczyk, head of the Institute for Transfusion Medicine and Transplant Engineering (ITT), Prof. Dr. Constanca Ferreira de Figueiredo, professor of allogeneic cell therapy at ITT, and economist Philipp Langrehr.

As of September 1, Dr. Frank Schnieders took over the position of CEO. He is a biochemist by training and serial entrepreneur with over 20 years of experience in biotechnology focused on viral gene therapeutics and immunology. He started his career at Medical School Hannover with a PhD in Human Genetics.

Allogenetics is currently preparing for the clinical trial and hopes to receive the green light from authorities to proceed within less than two years.

Further information about Allogenetics can be found here: www.allogenetics.de.

Record changed: 2024-09-03

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