Alentis Therapeutics gets $67 million funding
Independent private equity firm Jeito Capital, which is dedicated to biotech and biopharma, today announced that it has become a key investor as part of a $67 million Series B financing round in Alentis Therapeutics.
The Swiss biotech company, a spin-off of France’s Inserm with R&D in Strasbourg, France, is developing breakthrough therapies for patients suffering from fibrotic diseases and associated cancers.
Proceeds from the financing round will be used for proof-of-concept clinical trials of Alentis’ first-in-class assets, uniquely targeting fibrosis pathways for the treatment of life-threatening advanced liver and kidney fibrosis as well as associated cancers. Alentis expects to initiate its first clinical trial by the end of 2021.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
Free
7 day trial access
- All the news that moves the needle in pharma and biotech
- Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
- Receive The Pharma Letter daily news bulletin, free forever.
Become a subscriber
£820
Or £77 per month
- Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
- Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
- Daily roundup of key events in pharma and biotech.
- Monthly in-depth briefings on Boardroom appointments and M&A news.
- Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
More on this story...
Today's issue
Company Spotlight
More Features in Biotechnology
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze