BioInvent has biggest war chest on the block
Swedish immuno-oncology firm BioInvent (OMXS: BINV), the first company to discover two innovative new cancer antibody targets, is fully funded to develop antibodies across five clinical projects over the coming three to four years.
Being a biotech company with a large war chest makes this an investment for biotech and more risk-averse investors alike, according to Swedish investment bank Redeye analyst Richard Ramanius.
During 2020-21, BioInvent opportunistically raised around 1.5 billion Swedish kronor ($163 million), which will finance its broad pipeline of five clinical projects until 2025. Investors do not have to worry about share issues in the near term.
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