ORYZON Awarded €13.26 Million Through the First Important Project of Common European Interest (IPCEI) in the Health Sector (Med4Cure Project)

Core Insights - Oryzon Genomics has received a non-refundable grant of approximately €13.26 million (around $15 million) for its VANDAM project, which is part of the Med4Cure initiative aimed at supporting pharmaceutical research and innovation in Europe [1][3][4] - The grant covers 64% of the total budget for the VANDAM project, which is €20.68 million [1][4] - The VANDAM project focuses on developing therapies for rare neurodevelopmental disorders and neuroendocrine tumors, with a personalized medicine approach [2][3] Company Overview - Oryzon Genomics is a clinical-stage biopharmaceutical company based in Barcelona, Spain, specializing in epigenetics and personalized medicine for CNS disorders and oncology [5] - The company has two main drug candidates: vafidemstat, which is in Phase III readiness for CNS disorders, and iadademstat, currently in Phase II for oncology [5][6] - Oryzon's team consists of experienced professionals from the pharmaceutical industry, with operations in Barcelona, Boston, and San Diego [5] Project Details - The VANDAM project, which stands for "Validation of epigenetic Agents for Neuro-related rare Diseases Applying a personalized Medicine approach," is a 44-month initiative that began in January 2023 and will conclude in August 2026 [2][3] - The project aims to improve the quality of life for patients with rare diseases by developing targeted therapies based on a deeper understanding of the molecular causes of these conditions [2][3] Strategic Importance - The grant is considered a key component of Oryzon's clinical strategy, enabling the acceleration of clinical development for vafidemstat and further exploration of its therapeutic potential in managing aggression in rare diseases, including specific subtypes of Autism Spectrum Disorder (ASD) [2][4] - The funding will also support the investigation of iadademstat in rare tumors and genetically driven hematological diseases, areas with significant unmet medical needs [2][4] Collaborative Framework - Med4Cure is a pan-European project involving 14 scientific initiatives developed by 13 companies across six EU Member States, coordinated in Spain by the Centro para el Desarrollo Tecnológico y la Innovación (CDTI) [3] - Oryzon participates as an Associated Partner within this consortium, which is integrated into Spain's national Recovery and Resilience Plan [3]