Skip to content

Breakthrough Victoria shells out $12 million for peanut allergy treatment developer Aravax


The Victorian government-funded Breakthrough Victoria has made a $12 million investment into Aravax, part of a $66 million funding round in the biotechnology company, which is developing a novel peanut allergy treatment.


Aravax is a clinical-stage company developing PVX108, its immunotherapy product that uses synthetic peptides to mimic key parts of peanut proteins to retrain the immune system, according to a statement.


Early research at Alfred Health and Monash University has led to the solution, which is administered as a monthly rather as a daily dose, which is required by current treatments.


“We’re excited to invest in Aravax,” said Breakthrough Victoria CEO Grant Dooley in a statement on Tuesday.  


“Victoria’s biotech sector really is world-class. This therapy, developed right here in Victoria, has the potential to change the lives of peanut allergy [sufferers] across the world.”


Breakthrough is an independent company set up in 2021 to manage the state government’s $2 billion Breakthrough Victoria Fund.


Aravax has received approval from the US Food and Drug Administration (FDA) and Australia’s Therapeutic Goods Administration (TGA) for Phase 2 trials in each country. 


Phase 1 clinical trials were successfully completed for adults in Victoria in 2018. The Phase 2 trials will involve children aged 4 to 17.


Image by Freepik.

BD Rowa™ Advantage
Share this article:

Articles you might be interested in

Scroll To Top