Finance, Grants, Deals

Autifony Therapeutics Ltd has obtained an additional £8 million in funding to expand the potential for its potassium channel modulator technology beyond hearing disorders, to schizophrenia and other indications.

A France-based microbiome company has raised €2 million in a Series A financing to develop two new compounds with the potential for targeting bacteria that are resistant to current antibiotics. Seventure Partners is providing the capital to Eligo Bioscience SAS.

Premaitha Health Plc, which has a prenatal test for assessing the risk of Down’s syndrome and other genetic defects, has raised £8 million from a placement of new shares on the AIM section of the London Stock Exchange.

4SC AG has secured funding for the further clinical development of its histone-deacetylase (HDAC) inhibitor resminostat enabling it to take the compound through a Phase 2 and pre-registration trial in patients with cutaneous T cell lymphoma (CTCL).

Denmark-based Bavarian Nordic A/S has received a $133 million order for the supply of its Imvamune smallpox vaccine to the US government for stockpiling in case of a biological emergency. The new order is an extension of an existing contract.

A public US share offering of Pieris Pharmaceuticals Inc (formerly Pieris AG) has raised a gross amount of $25 million following the sale of 9,090,909 new shares to international investors. The net proceeds are expected to be $22.7 million.

Biogen Inc has thrown its weight behind gene therapy with a decision to invest potentially $1 billion for rights to an early clinical, and a host of pre-clinical and discovery gene therapy assets directed at ophthalmic diseases and one non-ophthalmic condition.

The cell therapy company Kiadis Pharma BV started trading on the Euronext stock exchange in Amsterdam and Brussels on 2 July after an initial public offering that raised €32.7 million. At the opening, the shares traded at €12.50. This compares with an offer price of €11 to €13.75 per share.

Abingdon Health Ltd, a UK-based diagnostic company, has obtained £3 million from a syndicate of investors led by Imperial Innovations Group Plc to support the commercialisation of its recently launched device to detect multiple myeloma.

DBV Technologies SA, a French company which is developing a patch for peanut and milk allergies, has announced plans for a second US share offering in less than a year to support development of its technology.