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Proximab is a lead drug candidate developed by ProtAb Ltd., a subsidiary of Hadasit Bio-Holdings Ltd. It is being advanced for broader clinical development and commercialization, targeting the treatment of rheumatoid arthritis and type-1 diabetes. The drug's development has been supported by significant funding, including $3 million from Israeli biotechnology investment groups and approximately $1.5 million in grants from the Israeli Ministry of Industry and Commerce Office of the Chief Scientist.
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