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Nobel Prize in Medicine awarded

Country

Sweden

This year’s Nobel Prize in Medicine or Physiology has been awarded to a team of scientists who discovered the hepatitis C virus. Harvey J Alter, Michael Houghton and Charles M Rice have made a “decisive contribution to the fight against blood-borne hepatitis,” according to the prize committee.

Topas Therapeutics raises €22 million

Country

Germany

The German biotech Topas Therapeutics GmbH has raised €22 million in a Series B financing round to advance technology for inducing antigen-specific immune tolerance. The technology is thought to have application across a wide range of autoimmune diseases, allergies and a condition known as anti-drug antibodies where the body throws up resistance to the repeated administration of monoclonal antibodies.

Neuromod raises money for tinnitus device

Country

Ireland

Ireland-based Neuromod Devices Ltd has raised €10.5 million in a Series B financing round to to accelerate the European commercialisation of a device to treat tinnitus, a condition in which sufferers experience a ringing in the ears. The device is a bimodal neuromodulation treatment which has received a CE-mark in the EU and is being rolled out in Europe. The company also plans to target the US market with a particular focus on the Department of Veterans Affairs.