SAB Biotherapeutics, Inc. (SAB) a clinical-stage biopharmaceutical development company, has received a $10 million investment from T. Denny Sanford as part of its Series A-2 raise. The businessman and philanthropist previously invested in SAB in 2014.
SAB Biotherapeutics has made great strides in a relatively short timeframe, Sanford said. They have reached key milestones, collaborated with prominent partners, developed a robust product pipeline and are working on near-term solutions to health conditions like cancer and Type 1 diabetes.
Since its founding in 2014, SAB Biotherapeutics has developed immunotherapies against more than a dozen targets, achieved 100% efficacy in pre-clinical testing and completed Phase 1 trials for treatments for emerging infectious diseases, including MERS-CoV and antibiotic resistant bacteria Mycoplasma hominis, a first in human trial.
This investment provides a significant boost to our capital strategy as we enter Phase 2 clinical trials and accelerate development of new commercial targets, said Dr. Eddie Sullivan, President & CEO of SAB Biotherapeutics.
SAB's unique immunotherapy platform is the only one in the world to produce human polyclonal antibodiesthe natural way to fight diseaseon a commercial scale without using humans. In addition, SAB therapies can be developed and produced in as few as 75 days. These two attributes contributed to the SAB platform being recognized by the World Health Organization as the only platform technology capable of responding to emerging infectious diseases with epidemic potential.
The latest targets for the company, oncology and Type 1 diabetes, both align well with Mr. Sanford's healthcare focus, as well as significant and current clinical research programs within Sanford Health.
The investment complements Mr. Sanford's philanthropic contributions to the healthcare sector, including the 2007 $400 million donation to Sioux Valley Hospitals and Health System, which changed its name in tribute. In total, Sanford has donated nearly $1 billion to the Sanford Health System, an organization which is also an investor in SAB.
Sanford is the owner of First PREMIER Bank and PREMIER Bankcard, headquartered in Sioux...