Nationwide Children’s spinoff fighting infection in premature babies raises $1.8M

A Nationwide Children’s Hospital spinoff that’s developing a probiotic treatment for the leading cause of death from gastrointestinal disease in premature infants has raised $1.8 million from a group of funds including Rev1 Ventures.

Indianapolis-based Scioto Biosciences Inc. raised the round with Indiana-based BioCrossroads and Elevate Ventures, along with Columbus-based Rev1. It previously had $380,000 in grants from the National Institutes of Health and the state of Indiana.

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Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

Originally published May 22, 2018.