Albireo secures 25M euro financing
Albireo, a Sweden-based biotechnology spin-out company from Anglo-Swedish drug major AstraZeneca, has announced a second closing of its series A financing, bringing the total raised to 25.0 million euros ($38.7 million). Both rounds were led by Nomura Phase4 Ventures with the new capital increase subscribed for by TPG Growth. The first closing had previously included TVM Capital and SWIP.
The proceeds will be used to fund the development of the gastrointestinal-focused company's clinical and preclinical pipeline. Aliberio was spun off from AstraZeneca in February.
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