HONG KONG – GI Innovation Inc., a microbiome combination drug developer based in Seoul, South Korea, has recently issued fully paid convertible preferred stock (CPS) worth KRW37.5 billion (US$31 million) for a series B investment.
DUBLIN – T3 Pharmaceuticals AG raised more than CHF12 million (US$12.1 million) in a second financing round to progress its immuno-oncology technology, which exploits a bacterial protein transport system to deliver a therapeutic payload to tumor cells.
The business Martin Moore started years ago in college to make ends meet was dubbed Orion. Many years later, his new business, Meissa Vaccines Inc., was named for a star in Orion's constellation and could more than help him make ends meet.
Zielbio Inc., of Charlottesville, Va., closed on a $25.1 million series A financing to further its lead candidate, ZB-131, a humanized monoclonal antibody against cell surface plectin, which is expressed on the plasma membrane of ovarian, pancreatic, lung and colorectal cancer cells.
HONG KONG – South Korean biopharmaceutical giant Celltrion Group, of Incheon, and Korea Development Bank (KDB), a wholly state-owned policy development bank, have agreed to run a fund worth KRW220 billion (US$184 million) to grow venture companies in Korea's bio-health care sector.
DUBLIN – Amryt Pharma plc raised $60 million in new equity financing to complete its all-stock takeover of Aegerion Pharmaceuticals Inc., creating a global rare diseases company with three marketed products, a U.S. commercial infrastructure and a couple of near-term opportunities to expand its portfolio.
LONDON – Tacalyx GmbH has raised €7 million (US$7.7 million) in seed funding to initiate research on a new generation of antibodies targeted at tumor-associated carbohydrate antigens (TACAs) expressed on a wide variety of tumor cells.