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Financings Roundup

Apitope Raises €10M to Push its MS Drug to Phase II Trial

By Nuala Moran


Wednesday, October 29, 2008

No Abstract

 

BioWorld Today Correspondent

LONDON - Apitope Ltd. was forced to look beyond the UK to raise €10 million (US$12.5 million) from Belgian investors in its first formal venture capital funding round. The money will enable the company to carry out a Phase II proof-of-concept trial of its peptide-based immunotherapy for multiple sclerosis and to commercialize a diagnostic for identifying the disorder in its early stages.

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