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Novadip Biosciences closes a €10.4M funding round led by New Science Ventures. The funds will advance its NVD003 therapy through final clinical development stages.
Novadip Biosciences, a clinical biotech company, raised €10.4M in convertible financing. This funding round was led by New Science Ventures and aims to support the advancement of the company's NVD003 therapy. The capital will help complete a pivotal Phase 3 trial and prepare for regulatory submission. The company is targeting market authorization for NVD003 by 2028.
Company Information
Company
Novadip Biosciences
Location
Belgium
About
Novadip Biosciences is a biopharmaceutical company founded to design, develop and bring to the market innovative stem cell-based therapies for regenerative medicine. The first proprietary cellular therapy of Novadip Biosciences is a totally differentiated and 3D osteogenic scaffold-free structure which provide innovative treatments for severe bone healing disorders.
Their lead product NVD-001 introduces new principles of guided tissue regeneration based on stem cells from fatty tissue, associated to osteoinductive, osteoconductive and osteogenic properties to manufacture 3D natural bone implants with the right shape, mineralization and all mechanical properties for replacement and repair of large bone defects.
In September 2015, NOVADIP has closed EUR 28 million Series A Round with US and Belgian investors to advance his breakthrough cell therapy pipeline.
Fundz sees it the moment Novadip Biosciences raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
BelgiumBiotechnologyHealth CareMedicalTherapeutics