SAN FRANCISCO / LONDON (IT BOLTWISE) – NewLimit, a biotechnology company focused on reversing the aging process, recently raised $45 million from investors including Eli Lilly. This funding follows technical breakthroughs that bring the company closer to clinical trials.
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NewLimit, an innovative biotechnology company co-founded by Coinbase CEO Brian Armstrong, recently closed a $45 million funding round. This investment comes from a mix of new and existing investors, including Eli Lilly and Company, Duke Management Co. and Section 32. This support demonstrates the growing interest in the age reversal technology that NewLimit is developing.
The company focuses on developing drugs that aim to restore the youthful function of old cells through epigenetic reprogramming. This technology could have a significant impact on the healthcare industry, not only fighting disease but also improving overall well-being. Recent technical breakthroughs have boosted the company’s confidence and it is now planning its first clinical trials.
The financing came at a valuation cap of $1.6 billion, underscoring investors’ confidence in NewLimit’s potential. Advances in epigenetic reprogramming could fundamentally change the way we view aging. This technology aims to renew the functionality of cells and could therefore introduce a new class of longevity drugs.
In recent months, NewLimit has made significant advances, including the introduction of a vascular program to rejuvenate endothelial cells that line blood vessels. These developments could not only improve quality of life, but also extend lifespan. With the addition of experts such as Benjamin Humphreys and Matthew Breyer to the scientific advisory board, NewLimit is strengthening its scientific base and expertise.
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