Phagos Biotech, established in 2021, is a French biotechnology company that develops bacteriophage-based solutions to combat the growing threat of antibiotic resistance. Using bacteriophages, which are viruses that infect and replicate within bacteria, Phagos Biotech aims to provide a sustainable and efficient alternative to traditional antibiotics, particularly addressing the challenges in the seafood and livestock industries. According to the company, it can develop solutions from scratch in just two months.
Funding and financials
In September 2022, Phagos Biotech raised EUR 2.4 million (~USD 2.6 million) in seed funding co-led by Demeter and Hoxton Ventures. The funds were earmarked for the company’s transition from technological breakthroughs into mainstream production with a focus on animal health. Additionally, in August 2023, it received EUR 1.3 million (~USD 1.4 million) in grant funding from Bpifrance.
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