Parallel Bio Raises $21 Million Series A to Revolutionize Drug Discovery with Human Organoid Platform
- Parallel Bio secured $21 million in Series A funding led by AIX Ventures to advance its human-first drug discovery platform that uses organoids and AI to replicate the human immune system.
- The company has partnered with eight pharmaceutical companies, including three Fortune 500 firms, to test over 50 drugs and immunotherapies using its organoid-based platform.
- Centivax completed the first preclinical study on the platform for its universal flu vaccine candidate, demonstrating broad immune responses in human organoids derived from flu-exposed patients.
- The platform aims to address the 95% failure rate of drugs in human trials despite success in animal studies by starting with true-to-life human models from the beginning.