Oragen Therapeutics addresses the $30B+ Inflammatory Bowel Disease (IBD) market with ORA-251, a first-in-class oral RNA therapy. While current treatments rely on systemic injections with significant side effects, ORA-251 delivers precision gene-silencing directly to the gut. This breakthrough is powered by a proprietary platform already validated in preclinical models to achieve rapid remission. By combining a high-value lead asset with a versatile delivery engine, Oragen Therapeutics creates multiple pathways to a high-impact strategic exit.

6
remaining days
149 investors
Investment achieved
678.950€
Target
600.000€
Invested
113.2%
113.2% INVESTED
Maturity

Prototype/preclinical

Premoney valuation

2.598.298

Estimated exit

2029-2030

Sector

Biotechnology

Equity offered

11%

Minimum investment

1.000

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Equity L
Tax deduction L
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Overview: Oragen

Valuation 2.598.298
Estimated return x30
% Offered 11%
Estimated exit 2029-2030

Therapeutic innovation: A first-in-class oral platform for localized siRNA delivery, bypassing the systemic toxicity and administration burdens associated with traditional injectables.

Efficacy: Near-healthy tissue restoration within 3 days; localized delivery optimizes the therapeutic index far beyond the "efficacy ceiling" of systemic treatments.

Safety: Purely localized activity with no detectable systemic exposure or epithelial damage, eliminating the toxicity risks associated with standard chronic IBD treatments.

Dual-value strategy: A first-in-class asset and proprietary platform, uniquely positioned for high-impact strategic exits and licensing deals exceeding $1B.

Why now: RNA is proven, but oral delivery is the missing link

Therapeutic RNA has demonstrated transformative clinical impact, yet oral delivery has remained a key bottleneck due to gastrointestinal degradation degradation and limited tissue targeting. Oragen removes this barrier with a patented oral delivery platform designed to achieve localized gut activity with minimal systemic exposure.

A breakthrough oral RNA delivery technology

Oragen’s proprietary “nano-in-micro” platform combines:

  • Gastro-resistant polymeric microparticles (stomach protection)
  • Lipid nanoparticles (LNPs) (intracellular delivery)
  • Nucleic acid payload (siRNA / mRNA; compatible with multi-payload combinations)

Key advantages

  • Protection from GI degradation
  • Preferential accumulation in inflamed intestinal tissue
  • Minimal systemic exposure, supporting a differentiated safety profile
  • Versatility, enabling expansion beyond IBD (e.g., colorectal cancer)

A major market with persistent unmet need: IBD (Crohn’s disease & ulcerative colitis)

Inflammatory bowel disease (IBD) is a chronic, relapsing inflammation of the gastrointestinal tract that causes debilitating symptoms (abdominal pain, diarrhea, bleeding, fatigue), reduced quality of life, and often hospitalization or surgery; it represents a major medical need and a >$30B global market, yet despite multiple biologics and small molecules, outcomes remain suboptimal and the unmet need is structural :

  • Efficacy ceiling: up to 80% of patients do not achieve sustained remission over time, with frequent loss of response and treatment switching
  • Safety and tolerability limits: many therapies rely on systemic immunomodulation, increasing the risk of serious adverse events and restricting long-term use in certain populations
  • Treatment burden: injectable regimens and monitoring requirements negatively impact quality of life, adherence, and persistence
  • Need for new mechanisms: many patients cycle through similar pathways, reinforcing demand for novel, more precise modalities that can deliver deeper and more durable control of inflammation

This backdrop supports strong commercial potential for therapies that can deliver higher remission rates, improved safety, and easier administration, particularly if they reduce systemic exposure while maintaining robust local activity.

ORA-251: a first-in-class oral siRNA with the potential to redefine IBD care

Oragen Therapeutics’ lead program, ORA-251, is an orally administered siRNA candidate engineered for localized, precision gene silencing of a validated disease-driving target involved in intestinal inflammation.

Why RNA interference can enhance efficacy

RNA interference (RNAi) enables highly specific, sequence-driven silencing of a target gene, offering a level of precision and potency that can be difficult to achieve with other modalities such as antibodies or small molecules. Combined with localized intestinal delivery, ORA-251 aims to deliver deep activity at the site of disease while limiting systemic exposure, supporting a differentiated efficacy/safety profile and best-in-class potential.

ORA-251: major competitive advantages

  • Improved efficacy via precise and potent RNA interference + local delivery to inflamed tissue
  • Favorable safety profile driven by minimal systemic exposure
  • Improved adherence through convenient oral administration vs injectables

Strong preclinical validation

Oragen Therapeutics’ lead program has achieved robust preclinical validation supported by extensive in vitro and in vivo studies:

  • Gastro-resistance 
  • Preferential accumulation in inflamed intestinal tissue
  • In murine colitis models: remission within 3 days (colon weight-to-length ratio endpoint), 96% improvement in clinical score, and body-weight improvement from Day 1
  • Safety : minimal systemic RNA exposure and no alteration of hepatic toxicity biomarkers

Together, these results provide compelling evidence that oral delivery of therapeutic nucleic acids can achieve meaningful local pharmacology in the gut with a strong safety rationale.

A robust execution plan led by an experienced and complementary team

Oragen is executing a structured CMC, non-clinical, and regulatory roadmap targeting clinical entry within ~3 years, with clear value inflection points.

The company is led by an experienced, complementary team spanning pharma development, nanomedicine, regulatory strategy, and business development, supported by senior experts. Governance is strengthened by top-tier boards including world-leading IBD experts Prof. Laurent Peyrin-Biroulet and Prof. Lucine Vuitton, and nanomedicine expert Prof. Alexander Kabanov.

Oragen Therapeutics is built on a dual value engine with a >$1B  potential

Oragen Therapeutics offers a dual value engine: the ORA-251 drug candidate plus a proprietary oral delivery platform. This strategy multiplies partnering and M&A options in a market with strong deal activity and >$1B transaction benchmarks creating the potential for significant value creation and strong investor returns.

Why is Capital Cell investing in this company?

The global IBD market is valued at over $30B, yet it faces a critical stagnation: up to 40% of patients lose response to current biologics, while systemic immunosuppression limits long-term safety. The industry’s urgent need is for an oral alternative that matches biologic efficacy without the toxicity of systemic exposure.

Oragen Therapeutics targets this specific commercial gap. Rather than discovering new biology, the company de-risks its approach by using clinically validated targets and solving the primary bottleneck of RNA therapeutics: delivery. The investment case is anchored in three key differentiators:

1. Superior safety profile: Unlike competitors, Oragen’s “nano-in-micro” platform ensures the drug stays in the gut. Preclinical data confirms no systemic exposure, eliminating the safety risks that plague current injectable biologics.

2. Validated efficiency: The lead asset demonstrated tissue restoration to near-healthy levels within 3 days in vivo, proving that local gene silencing can outperform systemic treatments.

3. Strategic exit potential: The company is engineered for M&A. By developing a platform that can carry various RNA payloads, Oragen offers pharmaceutical partners a “plug-and-play” solution for the $47B IBD sector.

Supported by a team bridging pharma commercialization and academic excellence, and advised by top global KOLs like Pr. Peyrin-Biroulet, Oragen represents a high-conviction opportunity to back a first-in-class asset with a clear path to clinical validation.

Minimum investment: 1.000
Type of exit expected: Sale of company
Drag-along rights
Tag-along rights
Preferential liquidation right
Anti-dilution law
Tax deductions
Subscribing to the capital of a company, such as a JEIR, allows you to benefit from an income tax reduction equivalent to 50% of the amounts invested, subject to meeting certain conditions. The subscriber must be a natural person, i.e., an individual or sole trader, domiciled for tax purposes in France, and undertake to hold the securities received in exchange for the subscription (shares or stocks) for a minimum period of five years. The amount of payments taken into account for the calculation of this tax reduction is limited to €50,000 for a single, widowed, or divorced person, and to €100,000 for a married or civil partnership couple subject to joint taxation. For more information, you can visit the website: entreprendre.service-public.fr.
Main risks

Investment in Oragen involves specific technical and clinical risks. The most significant is translational, as the efficacy of oral siRNA must still be validated in human clinical trials. Additionally, the three-layer delivery platform introduces CMC complexity regarding large-scale stable manufacturing and formulation scale-up. Finally, the IBD sector is highly competitive, with a rapidly evolving pipeline of biologics and small molecules.