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Copenhagen-based biotech company Draupnir Bio secured €12M in seed funding to develop its preclinical pipeline of oral, small molecule protein degraders. These degraders target extracellular disease-causing proteins, leveraging lysosomal machinery. Led by CEO Andrew Hotchkiss, Draupnir Bio focuses on advancing targeted protein degradation, spun out from Aarhus University and the Max-Planck Society.

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