Anaveon to raise $120 million in oversubscribed Series B financing

16 December 2021

Switzerland-based clinical-stage immune-oncology company Anaveon has agreed a 110 million Swiss francs ($120 million) Series B financing led by incoming investor Forbion, corner-stoned by founding investor Syncona, also joined by existing investor Novartis Venture Fund, as well as new investors, Cowen Healthcare Investments (a division of Cowen Investment Management), Pfizer Ventures and Pontifax.

In connection with the Series B financing, Jasper Bos (Forbion), Tim Anderson (Cowen) and Denis Patrick (Pfizer Ventures) will join the Anaveon board at closing, which is expected before year end.

Anaveon is undertaking a Phase I/II study to evaluate the safety, dosing and clinical activity of its lead program, ANV419, a powerful and selective interleukin-2 (IL-2) agonist in patients with solid tumors. Proceeds from this financing will enable the company to pursue multiple parallel Phase II programs in order to explore the full therapeutic potential of ANV419.

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