ABAC Therapeutics raises 16 million euros from investors including Debiopharm

15 February 2018

Spain-based ABAC Therapeutics, a leader in pathogen-specific antibiotics, announced today the closing of a 16 million euros (~$20 million) Series A round.

The financing was led by Pontifax with participation from the Global Health Science Fund (jointly established by Quark Venture Inc. and GF Securities), Caixa Capital Risc, Debiopharm Innovation Fund and the existing investor Ferrer.

Family-owned Swiss drugmaker Debiopharm Group separately announced an investment in antibiotic development with the acquisition of a minority stake in ABAC Therapeutics via the Debiopharm Innovation Fund, its strategic investment fund, and illustrates the synergy between the group companies in the fight against the worrying emergence of antibiotic resistance.

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