Ahmedabad-based biopharma startup Lamark Biotech raised ₹6.5 crore in a pre-Series A funding round led by IAN Group and other investors.
Lamark Biotech focuses on drug delivery innovations for chronic diseases using its proprietary ProteoStrong platform to stabilize protein-based therapeutics like insulin.
The startup plans to use the funding to advance its thermostable insulin formulation, InsulinStrong, crucial for regions with poor cold chain infrastructure.
Lamark Biotech aims to expand its biologics pipeline, file international patents, conduct early clinical trials, and establish partnerships with pharmaceutical companies and global health organizations.