Nabriva gets $120 million funding to progress new class of antibiotic
Austrian biotech firm Nabriva Therapeutics AG, focused on developing pleuromutilins, a new class of antibiotics for the treatment of serious infections caused by resistant gram-positive and gram-negative bacteria, says it has successfully completed a $120 million Series B financing.
The financing was led by new US based investors Vivo Capital and OrbiMed, and includes EcoR1 Capital, Boxer Capital of Tavistock Life Sciences and new investment from existing investor HBM. Existing investors Phase4 Partners, Wellcome Trust, GLSV and Novartis Venture Fund also participated in the round. Representatives of Vivo Capital and OrbiMed will be joining the Nabriva supervisory board.
Initial $50 million will fund lefamulin Phase III trials
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