European VCs join US$105m financing of US Mediar Thx

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Mediar Therapeutics (Cambridge, MA, USA), a company developing a portfolio of first-in-class therapies to treat fibrosis, announces a US$105m financing including a US$85m Series A co-led by Novartis Venture Fund and Sofinnova Partners (France). The round is further joined by Pfizer Ventures, Mission BioCapital, Bristol-Myers Squibb, Eli Lilly, Ono Venture Investment, Mass General Brigham Ventures but also from more European VCs like by Gimv together with Pureos.

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Iktos SA raises €15.5m in Series A financing

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Paris-based AI-inspired drug discovery specialist Iktos SA has closed a €15.5m financing to expand its  platform and kick-start the new CRO Iktos Robotics.

 

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Oculis lists at Nasdaq through SPAC merger

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The eye disease specialist Oculis Holding AG has been listed on Nasdaq following the merger of Oculis SA with European Biotech Acquisition Corp.

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Confo Therapeutics and Lilly partner to advance CFTX-1554

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Drug developer Confo Therapeutics and Eli Lilly & Company have inked a worldwide licensing agreement to co develop Confo’s neurophatic pain candidate CFTX-1554.

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German HTGF IV fund closes at €493m

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The fourth fund of High-Tech Gründerfonds has reached a final fund volume of €493.8m

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5 Alarm Bio Ltd raises £500K in seed round

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British anti-aging therapeutics developer 5 Alarm Bio Ltd has raised £500K in a seed financing for testing its lead compound FAB001 for healing chronic wounds.

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High blood pressure reprograms immune system

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Interferon-gamma overexpression leads to hypertension-induced damage to the blood-brain barrier by reprogrammed macrophages.

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Abivax SA raises €130m to advance obefazimod to Phase III

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French Abivax SA has raised €130m capital led by TCGX to accelerate Phase III testing of its ulcerative colitis candidate obefazimod extend its cashflow.

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PVH Corp joins fiber-to-fiber consortium

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PVH Corp has joined fiber-to-fiber consortium that wants to make textile recycling sustainable by establishing standards for biorecycled textile fibre.

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Free sugar linked to higher cardiovascular disease

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A UK Biobank study suggests that higher intake of free sugars is associated with a higher risk to develop cardiovascular disease, UK researchers report in BMC Medicine.

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