Catalym Closes Eur 50 Million Series C Financing To Expand And Accelerate Phase 2 Clinical Development Of Visugromab In Patients With Solid Tumors
Amount Raised
€50 Million
Round Type
Series C
MunichBiotechnologyHealth CareInvestors
Description
CatalYm today announced the close of a EUR 50 million (USD 49 million) Series C financing round. The oversubscribed round was co-led by new investors, Brandon Capital and Jeito Capital with participation from existing investors Forbion, Novartis Venture Fund, Vesalius Biocapital III, Bayern Kapital, BioGeneration Ventures and Coparion. The financing will support the continued, promising clinical development of its lead candidate, visugromab, a humanized monoclonal antibody engineered to neutralize the tumor-produced Growth Differentiation Factor-15 (GDF-15). GDF-15 acts as a key regulator of immune cell activation and as an inhibitor of immune cell infiltration into the tumor tissue.
Quick answer
CatalYm raised €50 Million in a Series C round, dated November 22, 2022. Investors: Bio Generation Ventures, Forbion, Novartis Venture Fund, Jeito Capital and Brandon Capital. CatalYm is based in Munich, Bavaria, Germany.
- How much did CatalYm raise?
- CatalYm raised €50 Million in a Series C round on November 22, 2022.
- Who invested in CatalYm?
- Bio Generation Ventures, Forbion, Novartis Venture Fund, Jeito Capital and Brandon Capital are named as investors in this round.
- What does CatalYm do?
- CatalYm is developing visugromab, a first-in-class anti-GDF-15 antibody, in solid tumors and other indications.
- Where is CatalYm based and how big is it?
- CatalYm is based in Munich, Bavaria, Germany. Fundz records about 57 employees.
- Who are the decision-makers at CatalYm?
- Fundz holds 2 contacts at CatalYm, including the Head Clinical Operations. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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